[RE]

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

[K-Dog]

Property sales in mainland China declined for the tenth straight month in February, as lower demand during the Spring Festival holidays weighed and expectations are the beleaguered sector's woes will continue, pressured by low homebuyer confidence.

From an article.

Boom and bust is a feature of the system.

[RE]

Boom and bust is a feature of the system.

That was the old system.  Now it's the Bust-Bailout-Bigger Bust cycle.

RE