152
Evergrande: Crisis-hit Chinese property giant reveals $81bn loss
(www.bbc.co.uk)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 18 Jul 2023
152 points (99.4% liked)
World News
36887 readers
1116 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 5 years ago
MODERATORS
As with any data out of China, it would be underestimated or unreliable, but yes, it seems like it should have been larger.
The metrics in the latest RBA chart pack were not encouraging either.
https://www.rba.gov.au/chart-pack/pdf/chart-pack.pdf?v=2023-07-18-17-40-13
You do realize that there is a financial sector that invests both domestically and internationally? If literally everything was unreliable, it would be nigh impossible for investors to turn a profit.
There is a financial sector in China, but the sector is much smaller than other countries because it is considered less trustworthy.
Ah yes, the country with the 3rd largest stock exchange is clearly much smaller than other countries.
https://en.wikipedia.org/wiki/List_of_stock_exchanges
What are you smoking and where can I get some?