Evergrande (Finally) Collapses: Is China's Property Market in Trouble?
Evergrande (Finally) Collapses: Is China's Property Market in Trouble?
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Welcome to the TLDR News Daily Briefing
In today’s episode, we run through whether or not China’s real estate market is on the brink of collapse. Also, we discuss the drone strike on a US military base on the Syria border;…
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7:24 I swear to god I am going to commit toaster bath…
SWITZERLAND HAS NOT SUSPENDED FUNDING
Right wing politicians want to but the decision was moved to March so we can get UNWRAs statement as well.
It is so god damn apparent that everyone is just re-reporting the some god damn infographic some idiot made.
Evergrande just seems like a round about way for China to nationalize the property market again. The only companies left to fend for themselves are ones with majority private equity. Now the majority government owned will swoop in and get the best assets for pennies on the dollar and leave all the losses to the creditors
How stupid can you be it’s just one company! China isn’t going down! This time next year all the people who thinks China is doomed will look like fools! Look at how many companies have folded in America! Look at your banks that’s closed! Look at all the homeless people in America! Look at the crime rates! American infrastructure is at least 50 years behind China! Racism is at an all time high!
Military dictatorships are NOT a legitimate form of government. Not surprised they're leaving ECOWAS, it's just sad that these imbeciles are torpedoing the region's future.
Everything is fine in the Peoples' Utopia of China. The CCP say so.
DONT TOUCH HER!!
Evergrade is just the first domino to fall in China, there are a number of other huge real estate developers in China that are just as insolvent as Evergrande was. Add in the fact that most Chinese local governments are in debt up to their eyeballs and you have a recipe for China to fall fast and hard.
China's economy is much worse than people are reporting.
Unemployment is rising. 16 -24 year old unemployment is over 30%
Unemployed people are not huge consumers. They do not buy homes. They do not get married or have children.
Individuals, foreign corporations and investors are fleeing cities and the country.
Numbers reported by the government can not be trusted.
Steel production collapse is a good example of the huge decline in the economy.
The property developers collapse is starting to ripple thru all its suppliers. Steel is the most visible. More to come.
The house of cards built on debt is not sustainable. The Ponzi scheme has been exposed.
China's real estate industry is bankrupt. This will impact the rest of the economy and then the rest of the world.
China's economy will further decline in 2024. There will be stock loses. Bond loses, more property developer bankruptcies, more retail store closings, more bank bankruptcies, more local governments going broke and more unemployment. China has not hit the bottom yet. More pain to come. Only a huge national government bailout can slow the decline and the damage.
China is uninvestable. There is no rule of law. There is no freedom of speech. There is no freedom of movement.
Internet activity is monitored. Cameras monitor public spaces. No privacy. Numbers produced by companies or the government can not be trusted. New laws put everyone at risk for arrest for spying. The government manipulates all business and government statistics. State owned corporations are puppets of the government and its policies. Companies and the stock markets are not free and fair. Manipulation and misinformation are everywhere. There is no 5% growth this past year. That is a made up number. The is no growth. 0% The economy is contracting. China's media is all state propaganda and can not be believed or trusted to tell the truth.
thats because chinese companies are too stupid to have a backup plan for restructuring for companies based in china.
shame on the countries stopping funding of UNRWA, they're expediting famine and death
5:40 Very serious situation but I just want to highlight the almost parody nature of the image of some holding a sign with the crossed out french flag, then the next image being a Russian flag hung, with the same colors and the way the Russian flag is hung makes it harder to tell it apart from the French flag
So many of these Chinese housing buildings were built to cash in, they're definitely gonna find structural issues soon and start having poor maintenance, especially with the companies going under. The ones that aren't gonna end up hell to live in might be the ones that fall apart first
Correction at 6:14 : this has been revised up to 1200 after the Wall Street Journal's investigation was published yesterday. The figure of "12" comes from dead bodies identified in gaza as both unwra workers and hamas militants
My mom is a doctor in Botswana, Africa, and she actually pushed for the HPV vaccine here so I hope we see the same benefits 🙏🏾 She really pushed for it to the point where it's free for girls from primary school 🙏🏾
Oh please. The repkrting about UNWRA was so one-sided and biased it's embarassing!!!
Israel 'alleged'. Those counties didn't stop funding without having some very solid evidence.
Iran realizing that they should've probably kept their proxies on a leash:
(that is assuming they're telling the truth about having zero involvement in anything, which is unlikely)
I love how the ad at the end of your video uses scare tactics to get subscriptions for your sponsor.
This is nothing. Just wait til Blackrock and Blackstone begs for taxpayers handouts.
Which banks holds Evergrande's debts ?
Evergrande out here making Enron look like a highly responsible business.
I love how Incogni is like "We'll use the law to ask bad guys to not sell your data".
You're one of the only places that talks about African politics on the same level as everywhere else. As places like Nigeria become more important on the world stage, it's worth paying attention to.
4:06 There is no 'war on Gaza'. The war is against the Islamist group Hamas who still hold hostages, committed the massacre on 7th October and continue to use Palestinians as cannon fodder in their ideological war to enforce Islamism.
America will remain the sole superpower of the world with China now falling behind.
Is water wet?
There cutting funding and late payment to the retires and social security is failing there "secret tax" on bank accounts of its citizens thats china 😅
The swiss has chose a side today
Why are there 13,000 UNRWA members in Gaza? That's a crazy high proportion of aid workers to citizens for one area. And yet none of them apparently noticed the hundreds of miles of tunnels that were built right where they were operating.
📝 Summary of Key Points:
📌 The Chinese property giant Evergrande has been ordered by a Hong Kong court to liquidate its assets after failing to come up with a restructuring plan for its massive debt. This ruling is expected to have a significant impact on China's property sector and its GDP.
🧐 A drone attack near the Syria-Jordan border killed three US service members and injured around 30 others. The attack was carried out by Iran-backed militant groups, escalating the conflict and highlighting the potential for unintentional escalation.
🚀 Mali, Niger, and Burkina Faso have announced their decision to quit the West African block ECOWAS, citing disagreements and turning towards Russia for security cooperation. This could escalate regional tensions.
📌 Several countries, including the US, UK, and Germany, have suspended funding for the UN agency UNRWA due to allegations of staff involvement in Hamas attacks against Israel. The suspension could have a catastrophic impact on aid provision in Gaza.
📊 A study in Scotland found that no cases of cervical cancer have been detected in young women who were vaccinated against HPV, confirming the effectiveness of the vaccine in preventing cervical cancer.
📣 Incog, a company that protects personal data, offers an exclusive 60% off an annual plan for viewers who use the provided link.
💡 Additional Insights and Observations:
💬 "The ruling by the Hong Kong court could have far-reaching consequences for China's property sector and its economy."
🌐 The study published in the Journal of the National Cancer Institute adds to the growing evidence of the effectiveness of the HPV vaccine in preventing cervical cancer.
📊 The suspension of funding for UNRWA could worsen the humanitarian situation in Gaza, where aid provision is already crucial.
📣 Concluding Remarks:
The video covers significant news stories, including the Evergrande liquidation order, the drone attack in Syria, the West African countries quitting ECOWAS, the suspension of funding for UNRWA, the effectiveness of the HPV vaccine, and a sponsorship message from Incog. These stories highlight various geopolitical and social issues with potential far-reaching consequences.
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hard to imagine the start of evagrande collapse was in december 2021
UNRWA funding is building more tunnels than the boring company 🤣