☰
×
Login Register an account
Top Submissions Explore Upgoat Search Random Subverse Random Post Colorize! Site Rules
0

China's Shadow-Banking Giant Files For Bankruptcy

submitted by dosvydanya_freedomz to WorldNews 4 monthsJan 5, 2024 13:25:52 ago (+0/-0)     (themessenger.com)

https://themessenger.com/business/zhongzhi-bankruptcy-china-economy-real-estate-crisis

One of China's "secretive" shadow-banking giants filed for bankruptcy on Friday due to its inability to repay tens of billions of dollars in debt, a warning sign contagion from the downturn in the real estate industry continues to spread and raises questions if the property crisis in the world's second-largest economy will accelerate into the new year.


5 comments block

sort by: hot new top old low

[ - ] NoRefunds 1 point 4 monthsJan 5, 2024 14:17:16 ago (+1/-0)

battered economy

THE GOVERNMENT WORKERS ARE STEALING EVERYTHING, IDIOTS HOLY SHIT

[ - ] dosvydanya_freedomz [op] 0 points 4 monthsJan 5, 2024 16:32:21 ago (+0/-0)

THE GOVERNMENT WORKERS ARE STEALING EVERYTHING, IDIOTS HOLY SHIT

you meant the CCP YEAH

[ - ] yesiknow 0 points 4 monthsJan 5, 2024 16:18:59 ago (+0/-0)

Can't have capitalism without Christian morals. Everyone seeing real estate as equity profit instead of a family home for life eats themselves.

[ - ] dosvydanya_freedomz [op] 0 points 4 monthsJan 5, 2024 16:31:43 ago (+0/-0)

the chinese have a mixed economy. the owners of the shops there are card carrying CCP members.

Can't have capitalism without Christian morals.

[ - ] yesiknow 1 point 4 monthsJan 5, 2024 23:02:50 ago (+1/-0)

and they rip each other off as much as their factories shit on the consumer