Utter chaos now in China.
Shadow banking which accounts for $ 8.4 Tr market n nearly 40% of all loans has started defaulting on payments of trust product.
China's financial market is very messy n opaque.
Shadow banking which accounts for $ 8.4 Tr market n nearly 40% of all loans has started defaulting on payments of trust product.
China's financial market is very messy n opaque.
Shadow banks gives loans at as high as 36%.
Chinese growth model is based on creating artificial growth. Ghost cities best ex of it.
China built 150 cr household units for a population of 135 cr.
Due to covid all economic activity grounded for 3 months. Firms r unable to pay
Chinese growth model is based on creating artificial growth. Ghost cities best ex of it.
China built 150 cr household units for a population of 135 cr.
Due to covid all economic activity grounded for 3 months. Firms r unable to pay
back loan, defaulting on EMI thereby hitting the banks.
Now banks r defaulting on depositors.
Few days ago depositors lined up 2 withdraw money from banks, forcing Chinese govt 2 intervene.
In 3 provinces affecting 7 cr depositors, withdrawal limit has been put in force for 2 yrs
Now banks r defaulting on depositors.
Few days ago depositors lined up 2 withdraw money from banks, forcing Chinese govt 2 intervene.
In 3 provinces affecting 7 cr depositors, withdrawal limit has been put in force for 2 yrs
Kings gold jewelry one of the largest company gave counterfeit gold of 83 ton for a loan of $ 4.2 bn.
This company has gone bust n now financial co can't retrieve their loan amt.
Shadow bank n other dubious financial institutions attracted money from US pension fund.
This company has gone bust n now financial co can't retrieve their loan amt.
Shadow bank n other dubious financial institutions attracted money from US pension fund.
Donald Trump took a very wise decision of stopping pension fund from investing in China finance co.
Another brillant decision by Trump was to delist Chinese co from US stock market if they fail to get their balance sheet audited as per US laws.
Another brillant decision by Trump was to delist Chinese co from US stock market if they fail to get their balance sheet audited as per US laws.
This decision will deprive Chinese co from accessing easy fund from US investors.
Easy money from outside being squeezed n inner condition on verge of collapse.
Companies defaulting, millions of job loss, easy money gone, biggest gold scam, natural calamity hitting one after
Easy money from outside being squeezed n inner condition on verge of collapse.
Companies defaulting, millions of job loss, easy money gone, biggest gold scam, natural calamity hitting one after
other, B&RI countries unable to repay n stopping ongoing projects, China needs one small trigger to cause utter chaos n anarchy.
In no way they can afford to maintain 20 thousands soldiers on Indian LAC, forget about war.
Ek Dhakka aur do communist dhancha tood do.
In no way they can afford to maintain 20 thousands soldiers on Indian LAC, forget about war.
Ek Dhakka aur do communist dhancha tood do.
