How bad is the Chinese economy really?
Where can I see more info? How bad is unemployment? People defaulting on their payments? Does China have some kind of BNPL? Also is this true? Every publicly listed property developer is bankrupt? Did stock market drop more than 5% in one day? Evergrande is liquidating. Is Evergrande like a big deal in China? A very everyday household name? If something analogous were happening US. Is it saying like Blackrock is on verge of default in the US.
China is dead and so is there big fat EGO!
Evergrande takes debt to build houses, and when it took too much debt to build things no one needs, it goes bankrupt. Not sure how this is similar to Blackrock.
Chinese govt does not release independent data
In short: China is f***ed
Economic depression. Deflation. Entire towns unemployed.
The word “bad” is banned in Chinese.
This is a dumb question because no one here will no and the government of China isn’t going to be transparent about it. It just invites dumb trolls and people who think they know based off of nothing.
TC or GTFO