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20 sats \ 1 reply \ @TheBTCManual 21 Jul 2022
This sounds ominous, china admitting financial weakness, then it must be way worse than we know, they never claim to have any issues, I mean what ever happened to evergrade? Drama then just went quiet
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0 sats \ 0 replies \ @cryptocoin OP 21 Jul 2022
I don't think China is outright admitting anything regarding how bad their portfolio to BRI countries looks currently. The data is, for the most part, public though -- so they don't need to admit anything, everybody that cares to know already knows.
As far as what happened to Evergrande?
That's answered an article shared with a different post here on SN:
"We Decided To Stop Paying": China's Mortgage Payment Boycott Spreads
#47520
https://www.zerohedge.com/markets/we-decided-stop-paying-all-loans-chinas-mortgage-payment-boycott-spreads-property-suppliers
And also:
China Evergrande Prepares to Shed Light on Restructuring as Creditors’ Patience Wears Thin
https://www.wsj.com/articles/china-evergrande-prepares-to-shed-light-on-restructuring-as-creditors-patience-wears-thin-11658309400
https://archive.ph/ZWdCO
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5 sats \ 0 replies \ @KenyaCoin 21 Jul 2022
Here's a good thread with additional points made:
https://twitter.com/michaelxpettis/status/1549998970357022720
https://nitter.it/michaelxpettis/status/1549998970357022720 <-- Shows the thread in a single, easy-to-read, web page
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0 sats \ 0 replies \ @cryptocoin OP 21 Jul 2022
The link for this post is using an archive for the article on The Financial Times' website. An archive has no paywall, no subscription requirement, and can be easier to read. The original article, on The Financial Times' website is:
China reckons with its first overseas debt crisis
https://www.ft.com/content/ccbe2b80-0c3e-4d58-a182-8728b443df9a
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