So what happens next? They were in a controlled free fall for years
xSaRgED on
This is gonna have an interesting impact on the markets.
JobbyTen on
Yall know what time it is
sndream on
I thought they are bankrupted a long time ago.
rain168 on
Wow after so long they are still falling and delisting 😂
TyMsy227 on
So…not Ever grande
imaginary_num6er on
Nothing is going to happen. Those who have debts the company needed to pay will be silenced and the next bubble will begin
stiffgerman on
This was telegraphed when they defaulted on their bonds the first time. They had some emergency backstopping in place but if you read closely, the CCP started distancing themselves after the restructure. I think the damage will mostly be contained to China and some closely linked investors, which are not major Western players.
OverallComplexities on
Basically: foreign investors get nothing. Then skyrocketing inflation as China will print money to cope with loss of the state owened company. Average Chinese citizens will suffer and starve, while communist leaders will get rich.
Eastcoastpal on
What was its market cap delisting at?
theTexans on
Wasn’t this supposed to crash the whole world markets a few years ago? I remember reading on Reddit about it a while ago and then it disappeared from the news cycles
CasioOceanusT200 on
Everyone building up their military while economies start to falter. Sigh.
ChaLenCe on
The article states that at the earliest we’ll see the bottom is in the next two years, while also stating „There is no guarantee of a light at the end of the tunnel“.
The question I have is, with the ruling party focusing heavily on robotics, EVs and Green Tech, how do the citizens react when a third of the economy has been effectively wiped out, along with their savings, in the name of economic growth? Are there similar bubbles in EV & Green tech that they are wary to invest in?
TheMoorNextDoor on
While it’s amazing it finally happened I’m sure it’s already been priced in and won’t play out in the way most people imagined it would.
Leave A Reply
Du musst angemeldet sein, um einen Kommentar abzugeben.
16 Kommentare
Oh shit, finally happened.
Wow. Shit’s going down!
So what happens next? They were in a controlled free fall for years
This is gonna have an interesting impact on the markets.
Yall know what time it is
I thought they are bankrupted a long time ago.
Wow after so long they are still falling and delisting 😂
So…not Ever grande
Nothing is going to happen. Those who have debts the company needed to pay will be silenced and the next bubble will begin
This was telegraphed when they defaulted on their bonds the first time. They had some emergency backstopping in place but if you read closely, the CCP started distancing themselves after the restructure. I think the damage will mostly be contained to China and some closely linked investors, which are not major Western players.
Basically: foreign investors get nothing. Then skyrocketing inflation as China will print money to cope with loss of the state owened company. Average Chinese citizens will suffer and starve, while communist leaders will get rich.
What was its market cap delisting at?
Wasn’t this supposed to crash the whole world markets a few years ago? I remember reading on Reddit about it a while ago and then it disappeared from the news cycles
Everyone building up their military while economies start to falter. Sigh.
The article states that at the earliest we’ll see the bottom is in the next two years, while also stating „There is no guarantee of a light at the end of the tunnel“.
The question I have is, with the ruling party focusing heavily on robotics, EVs and Green Tech, how do the citizens react when a third of the economy has been effectively wiped out, along with their savings, in the name of economic growth? Are there similar bubbles in EV & Green tech that they are wary to invest in?
While it’s amazing it finally happened I’m sure it’s already been priced in and won’t play out in the way most people imagined it would.