21–30 of 196 posts
This aged well [0] when they finally defaulted. [0] https://news.ycombinator.com/item?id=29508238
It seems that there are no more assets left for Evergrande to sell.
Earlier quoted context omitted.
Government needs to step in and investors need to write it as a total loss. Making people pay could collapse the entire economy.
Could someone key me in to this? I thought generally the Chinese government never shied away from stepping in and manipulating things. Recent trends (for example, the government blaming young people themselves for their low employment numbers) feels like they imported the bootstraps mindset from American politicians, which seems out of step with what was seen as them being rather direct in control of their economy. R…
This aged well [0] when they finally defaulted. [0] https://news.ycombinator.com/item?id=29508238
Earlier quoted context omitted.
In what sense was the Evergrande situation caused by geopolitics? I was under the impression causes and effects were wholly domestic.
The treatment of stakeholders have been different inside and outside of China. The assumption based on the experience so far is that inevitably overseas investors, such as US based entities, will lose out more. Chinese firms have been raising money in overseas markets and has been exporting risk in this way, the issue is how China's government will handle this against the opaque corporate structure behind these finan…
As they should. US-based entities speculating in China thinking the CCP had their back falls squarely into play stupid games, win stupid prizes.
Having read the article but not heard of Evergrande prior to this, what are the implications of this outside of China? The article mentions that the company filed for bankruptcy in the US, but not what US operations/developments they had.
Feels bad for the people paying mortgages for homes they’ll never get to see. They can’t just stop paying either. Doesn’t work that way.
They are doing mortgage boycotts in China as a form of collective action. Very interesting to see how that plays out. [1] https://www.reuters.com/world/china/chinas-mortgage-boycott-...
But lets see how the utopia holds up to reality. Yay, we're living in interesting times.