26-11-2021, 21:03
(26-11-2021, 19:07)Dingle-Dingle Wrote: Thought Gouchan`s mob were Palm. Or are they under the same umbrella.
DD
They all have fingers in one another's pies.
But $300 Billion dollar debt mountain is one hell of a problem.
The whole of China and many investors around the globe will be in the deep stuff.
Evergrande have been selling assets off for 20% of their value to try and pay just the interest payments.
But alas bankruptcy has now been applied for.
Watch this space.
2020 the year the bubble burst 