Chinese real estate developers have used off-balance-sheet vehicles to borrow money. Nearly every developer has borrowings in disguise.

by KoreanBoyscout https://www.reuters.com/world/china/what-lies-beneath-hidden-debt-fears-feed-chinas-property-woes-2021-10-20/ “Nearly every developer has borrowings in disguise. The sector’s debt problem is worse than what you see,” said He Siwei, attorney at Hui Ye Law Firm. Chinese developers owed 33.5 trillion yuan ($5.24 trillion)through various channels at …

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In his own words Washington State Governor Jay Inslee tells you that he sold out to Chinese interests

Gov. Jay Inslee offered rocketry tech to China as PLA modernized missile arsenal against U.S. carriers. https://www.worldtribune.com/gov-jay-inslee-offered-rocketry-tech-to-china-as-pla-modernized-missile-arsenal-against-u-s-carriers/https://www.worldtribune.com/gov-jay-inslee-offered-rocketry-tech-to-china-as-pla-modernized-missile-arsenal-against-u-s-carriers/ By all appearances the conclusion is inescapable: American soldiers are now far more likely to die in any military clash with China due …

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Evergrande CEO in Hong Kong for restructuring and asset sales as the Chinese developer battles against default on more than $300 billion in debts. That’s a whole lotta debt.

HONG KONG – Evergrande Group’s chief executive is holding talks in Hong Kong with investment banks and creditors over a possible restructuring and asset sales, two people said, as the Chinese developer battles against default on more than $300 billion …

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Chinese Real Estate Imploding?

BY JOHN RUBINO As China’s massive (and massively corrupt) real estate developer Evergrande circles the drain, an anxious world is wondering if this is an isolated and therefore manageable problem, or the first in a cascade of failures that threaten to pop the …

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