[RE]

Just horrible when the Chinese do exactly what the IMF has been doing for the last 80 years. 

Regardless of this obvious anti-Chinese, anti commie bullshit propaganda piece however, it is true that the BRI is and always has been complete bullshit designed primarily to lure in foreign investment.  No surprise either that it is the poor hnations taking it in the shorts...the people sure to get paid here are bondholder of the top rated securities sold by the Chinese Goobermint to our favorite Wall Street banks.

https://www.euronews.com/2023/10/17/cash-corruption-crumbling-dams-thats-chinas-belt-and-road-initiative-10-years-in

Cash, corruption, crumbling dams — that's China's Belt and Road Initiative, 10 years in

RE

[K-Dog]

If anybody is alone give it a try. Who's to know.  Some creative singing.  Hope you come back for more.

It's the Belt and Road Jack
And its coming back for more and more and more and more
It's the Belt and Road Jack
And its coming back for more

And its coming back for more

Oh baby let me tell ya......

[RE]

Back to the farm for Chinese youth?  Sounds like a recipe for another Cultural Revolution.

The Chinese Toast is getting darker.



https://www.firstpost.com/opinion/vantage-unemployment-defaults-is-the-chinese-dream-dying-13469682.html

Unemployment, defaults ... is the Chinese dream dying?

RE

[RE]

Another Chinese RE developer is on the rocks, and based on past history with Evergrande it should take about 1-2 years for them to go belly up and need a bailout from the CCP.  Given China's more depleted economic condition now, it will be interesting to see how well they can withstand another big domino falling in their increasingly unstable game of smoke and mirrors the MSM refers to as an economy.  As with the game of musical debt being played here, the smartest guys in the room can only keep the music going for so long before the ballroom dancers realize there are only a couple of chairs in a room full of banksters doing the tango.  At some point there's going to be a mad scramble for those last 2 chairs when the whole ballroom collapses into the basement.  The carnage will be magnficent.

https://www.scmp.com/business/article/3254997/china-vanke-debt-downgraded-junk-status-moodys-liquidity-concerns-mount-amid-tumbling-property-sales

China Vanke debt downgraded to 'junk' status by Moody's as liquidity concerns mount amid tumbling property sales

RE

[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