Looks like the Vanke collapse is moving along quicker than Evergrande, at least so far. Interesting to see if there is any contagion with the FSoA commercial RE problems. The same banks who buy Mortgage backed securities her buy them on the international market also. If they have a margin call on either end of Venke misses a coupon payment, the problem could bleed across markets pretty quickly. I love times like these. You can see Bankster assholes puckering with each new story. It's what I live for these days. lol.
https://www.businessinsider.com/china-economy-property-crisis-vanke-get-uglier-analyst-charlene-chu-2024-3
China's property crisis could get even uglier. This time, a state-backed developer is the one raising concerns.
RE
China's property crisis could get even uglier. This time, a state-backed developer i
Started by RE Mar 13, 2024, 05:53 AM
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