Sorry to chime in here. The question is what asset's are they offsetting the debt with that they are putting in the washing machine?
They have privatised everything, the government has assets but how liquid are they and have efficient are they?
Putting debt into a washing machine and dilution what tangible assets they have left is not the solution. Critical thinking on modern economies is what is needed here. Many people don't like the Chinese for many reasons, id classify that a modern economy when you take away all the socialism BS which I completely disagree with.
They are super progressive though with thinking and their formulas to create efficiencies and value for their country.
The Brains Trust - 2020, page-913
Add XSO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3,130.8 |
Change
5.800(0.19%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 3,125.0 | 3,149.2 | 3,124.9 |
| XSO (ASX) Chart |