China's struggling property developers won't be getting a major bailout, authorities indicated, warning that those who "harm the interests of the masses" will be punished.
I'm sure there is a lot more nuance and context here that I don't know about, but at face value that's a pretty cool solution and I like it. The question is: how much of these developments were greenlit by government officials who are now refusing to foot the bills?
I'm sure there is a lot more nuance and context here that I don't know about, but at face value that's a pretty cool solution and I like it. The question is: how much of these developments were greenlit by government officials who are now refusing to foot the bills?
By that logic, most U.S real estate companies like Blackrock and Freddie Mae would be greenlit, could you be more specific...
If we just mean which ones were state-owned (because "privatized gains, privatized losses" as one said), not much
According to even "China collapser" Michael Pettis:
Then again, it's Caixin, so you can double-check...
That graph shows the development agreements purchased by government has increased yoy, which contradicts what you just said...?
Well, I thought the nationalizations were more of a response, than the cause of what happened, then again...
I mean, didn't the whole crisis start from 2020... so I don't understand the contradiction in my argument here...
Elaborate it a bit more?