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moondoong

48,096 Posts.

29/01/24

17:53

Post #: 72117121
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Originally posted by david25 ↑

What do you think will be the impact?

Today in the media evergrande with half a trillion debt has been told by a judge to liquidate.
late night for me tonight to see the fallout on the US market or am I over reacting.

1 Unemployment in china has reached 25%
2 China has over capacity and failed industries which are scam industries that have milked the government
3 25% of china GDP is development.
4 There is a global move away from China as production hub.

I think the fallout of 500 billion evergand debt and liquidation will take around 2 to 3 trillion out of the economy in the first year. This will consist of flow on from bad debt and also due to less development.

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It's going to be huge.

Incoming!
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