China Evergrande ordered to liquidate, owing $300 bln

[Irish_Dem]

13. I listen to China Update almost every day. Chinese economists are saying the opposite.

Anyone who is optimistic about the Chinese economy is quite misguided.
Bloomberg is being very foolish. Anyone who is taking their investment advice about
China needs to think twice and be very cautious.

I highly recommend you listen to China Update here on the DU video section.
It will open your eyes to the reality.

The housing crisis is only one of the many Chinese financial problems.
The Chinese government is basically clueless about how to run a capitalistic economy
within a a socialist government framework.

China has $12 TRILLION in municipal debt spent on useless infrastructure projects which bring in no revenue.
China is holding $Trillions in their debt trap schemes in third world countries which cannot pay it back.

The Chinese stock market is now crashing and Xi's brilliant idea is to subsidize the stock market.
Xi has no concept that you must pay the piper one day.

American companies are trying to leave China. It is a bad bet to stay for a number of reasons.

I could go on and on. But you get the idea I hope.