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HKim0072
China Observer
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Comments by "HKim0072" (@HKim0072) on "80 Car Dealerships Suddenly Collapse Overnight, Thousands Left Carless Despite Making Payments" video.
This is why the CCP won't let the big real estate developers go into bankruptcy. Assets have 2 lien holders and the banks will always get senior status. Average people will be left holding the bag.
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@howardmaryon Dude - it's extremely practical. Bankruptcy would be a nightmare. The size of unfinished, pre-sold homes in China is about 20 times the size of developer Country Garden as of the end of 2022, Nomura analysts said. “We estimate that there are around 20 million units of unconstructed and delayed pre-sold homes,” the analysts said
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