I think it’s going to be GFC.2. The early signs are all there from the GFC. Sinic, one of China’s largest property developer’s rating got downgraded to CCC by S&P and they are likely to default on their note payment next month.
So if Evergrande can’t pay this month and Sinic can’t next month. That’s a lot of firms and people not getting their money. Those people and firms are less likely to spend so there will be a contraction in activity. That contraction will have a knock on effect.
Ann: Core Lithium 2021 Annual Report to Shareholders, page-15
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