Will China rescue the troubled property group Evergrande? | Inside Story

Jinpings intention is not for the betterment for anyone or any country and not even for his own country but to weaken his factional enemies.CCP system is hopeless.

Back in India Shapoorji Pallonji is doing the same thing as Chinese Evergrande. Sukhobristi project is projected to be the largest mass housing project in India. Sukhobristi Project is located at Rajarhat in Kolkata. Here builder Shapoorji Pallonji has stopped handing over flats from Phase-IV onwards. (2016) The consumer's money was already taken. It is a scam of Rs 1500 crore. West Bengal Government is trying to suppress this multi-million dollar scam.

When a company can't pay vendors and can't pay workers, which is what Evergrande has been doing since August 2021, it is in technical default. No amount of Communist propaganda is going to change that reality. The media in China will continue to lie with rosy pictures and rosy forecasts, but that just adds to the distrust and confusion among the general public, which ultimately makes things worse as problems are hidden and grow bigger and bigger. Just wait until there is a cascade of real estate developer collapses that comes very suddenly and out of nowhere--within a few days, at most. That's when panic will really take off and China will be in free-fall. The People's Bank of China must know that this will be the end result of the constant lying and obfuscation.

China is dictatorship and communism kills people oh and Taiwan is a free country

I told you that when they start to think it's a fuckup.

My solution only cost 3.5billion to save an entire Country.

Pay back the debt.

LLLLLLLLLOOOOOOLLLLLLLLL what a moron.

I don't think it'll be as bad as Lehman bros. fiasco

Chinese investors treat investments in apartments just like investment in Bitcoin. The empty apartments are considered a store of value, but serve no useful purpose. Both investments have large negative yield . Bitcoin gobbles up 0.5% of world electricity production. Similarly, Chinese empty apartments have carrying costs. The buildings are sometimes very shoddy and at risk of falling apart. If all Chinese RE development companies disappeared for the next 50 years, there would NOT be a shortage of apartments in China due to rapidly declining population. . I consider both of these investments extremely risky; both can easily decline in value by 50 - 80%. However, bitcoin has a chance of quick recovery, but the empty apartment unlikely.

All these miserable men doesn't know the system is on BANKRUPT.
Do you have doubts?
Take look past, present today, doing observations.
The future is the day of today crisis are solaces who is off guard deserves undergo.
Crisis dont have mercy of life, family, job, cash, health, & future.

Don’t let a company grow so big that cannot handle its finances. Don’t bite more than your mouth can hold. Don’t sell apartments until the building is finished. China should go back growing rice, they are the best in that business

Isnt that the Nuke-em guy. Why does he have a voice?

Why is Gao always on these TV programmes? He's one of worst speakers around and is so obviously biaised.

First of all, evergrande is already defaulted. The 30 days grace period was a scam against lender to proceed the next step. There is not such thing as grace period.

Second of all, restructuring or not it is a bad news. No restructuring is ever a good news. Evergrande will not honor their debt. They are no longer going concern.

Thirdly, Evergrande will be nationalized officially then both lenders and investors will take a 50% HAIRCUT. The government will not encourage risk taking like the west. Because 2008 crisis has not been resolve it was swept under the rug by FED with more moral Hazzard easy money. This cancer ♋ has not gone away, it has just gotten bigger and vicious.

Finally, evergrande already fail and just allow the time for the time bomb 💣 to be denoted in orderly fashion

RIP 🙏🏻 🪦⚰

Protect your investment......More company will go down......Get your money OUT of Communist China.

As we know....... Victor Gao.....is under the payroll of the CCP and NOT to be Trusted.

Keep it simple , call it a redistribution of wealth and move on .

Communism is cancer to the world 🌎

China is buying the dips at Evergrande and making them sell assets for cheap. CPC are better capitalists than the US government who just bailed everyone out no questions asked. BASED

Victor Gao is a state aparatchick so wouldn't expect him to do anyhting other than minimize the threat Evergrand poses to the Chinese economy.

So what the US govt is 28 trillion in debt. Evergrande is a piffle.

👍👍👍👍👍👍👍

Boycott China!!!!

When you oversupply the market that has a declining demand you know a crisis is looming.

The whole world needs to slow its growth (as China seems to be doing - people before profits)
Climate change is driven by capitalist growth.

Great analysis and discussion - thank you

Just shortly after this interview the Chinese guest went missing. RIP!!!

the great fall of chyna

No one is investing in Chinese real estate anymore. The ccp's backward policies regarding property ownership along with poor quality housing and commercial properties and ccp propaganda and lies has paid a massive part in this.

That Mr. Gao is very informed! This clip needed more of him speaking

No, they won't bail them out. China has not been ambiguous on this, with their slogan 'house's are for living, not speculating'. They initiated the 3 Red Lines knowing that Evergrande would not be able to meet them, so then their credit was stopped.

They want a housing bubble burst. As the land owner's, the Government takes over. The only people going on are the capitalist's. As property prices will then drop...

Those towers look like tombstones

Now Xi Jinping is destroying all that was built by Deng Xiaoping. (Why do their names always end in "ping"?)

Blame on the CCP virus that caused people to stay at home, stopped earning money to sustain speculation. The CCP always shooting at their feet. It has always been since the Great Leap Backward.

Why are US major media CBS ABC NBC CNN MSNBC NYT WSJ Washington Post, FT , largely ignoring Evergrande Crisis ?
Reason ? Fear & Ignorance and Lies.

Lol that Victor guy seems to be sweating bullets, I think he definitely has a few properties which are not his abodes 😂

What China Asia needs is not money but the most IMPORTANT thing of a human being:
- Freedom of the press.
- Freedom of expression.
- Freedom of opinion.
- Freedom to create business.
- Freedom to progress.
- Freedom to choose which newscast to watch on TV.
- Freedom to Choose which program to WATCH on TV.
- Freedom to Choose which SOCIAL NETWORK to USE.
- Freedom to Choose what web page to read.
- Freedom to Choose what to listen to on Radio.
- Freedom to Walk without being watched.
- Freedom to Choose which private not only State Bank to borrow or borrow from.
- Freedom to Create Political Parties.
- Freedom to Choose the plurality diversity of political parties every 4 years.
* All that the Chinese's People DO NOT have, and the most important thing FREEDOM, they DO NOT HAVE IT YET!

Prediction ?
Pain !

I hope China’s economy collapses so they won’t have a chance to ruin the rest of the world.

Keep building in China.

But limited real estate buying for company’s is a good idea.

So the Chinese guy is saying it’s gonna be ok and everyone else is saying it’s gonna have a big crash I wish they would talk in clear English!

rpminia

Just like USA! Corrupt, cruel, sadistic. What are the Chinese symbols for, "Ponzi scheme"???

Nobody is talking about the elephant in the room or rather elephants... It's not just Evergrande. There are other "Elephants" that are in similar or even worse shape than Evergrande in China

Viva China 🇨🇳 👍🏼👍🏼👍🏼

This is not a major problem for China… the Government will cleanup and Rescue the Company… everything will be fine at the end…
💪🏻🇨🇳💪🏻

By the way, the “Media” is using this contingency to sell News!!

China's booming facade will pop soon, hahaha