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rolandttg's avatar

We are not the only ones in serious financial trouble . China is in a bad way too.

Huge news Evergrande ordered to liquidate.

https://www.businessinsider.com/evergrande-ordered-liquidate-china-real-estate-property-crisis-2024-1

and their entire economy is in deep dookie.

https://www.newsweek.com/china-economy-2024-stock-market-1862754

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Kathleen Janoski's avatar

Bank runs coming.

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Dena's avatar

Check out “The Great Taking “ documentary on Rumble. Also the book is a free download from author David Webb who wants the information available to everyone.

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AB's avatar

My husband talks about this too. But I wonder if we really know anything that’s going on in China. The government / media complex could totally make this up, no?

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SB's avatar

Yep. Employer was recently courting a Chinese company for investment funding. They had to walk away, said they have too many financial problems of their own. Unemployment rate for college educated 20 something’s is over 20%. I’ve been reading news about Chinas economy being in the toilet for a few years.

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Nikki (Gayle) Nicholson's avatar

How much farmland, does China own here in the Usa. soon they will control our food supplies.

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SB's avatar

Yep been reading about that at least a decade. Some states in recent years have put laws in place to stop them

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char's avatar

Nikki. China--And how much farmland owned by gates? By other countries?

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Nikki (Gayle) Nicholson's avatar

I don’t know, that’s why I am asking. If I took a guess it would be more than 100k acres for each . I think that is a conservative #.

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Roger Beal's avatar

The Evergrande judicial order? May be resolved by Xi clamping down on the HK judiciary. HK since 1999 has been a "subsidiary" of China.

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