Current Events > China Evergrande Group defaults again

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Tyranthraxus
12/30/21 3:15:08 PM
#1:


https://www.bloomberg.com/news/articles/2021-12-27/evergrande-faces-first-big-post-default-dollar-bond-coupon-test

They're the big property developer that was making the rounds a while back. Turns out they don't have the money to pay for their shit. I wonder what happened.


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whitelytning
12/30/21 3:39:45 PM
#2:


They were developing properties they couldnt find buyers for. Leads to a ton of debt.

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ToPoPO
12/30/21 3:41:01 PM
#3:


Probably going to default again again
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Tyranthraxus
12/30/21 3:48:33 PM
#4:


ToPoPO posted...
Probably going to default again again

If that happens then Citibank is gonna own a lot of Chinese property.

---
It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha."
https://i.imgur.com/dQgC4kv.jpg
... Copied to Clipboard!
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