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HKim0072
China Observer
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Comments by "HKim0072" (@HKim0072) on "World’s Largest 1.62 Million Unfinished Units; 6 Million Homeowners Face Potential Homelessness" video.
Debt ≠ losses. Accounting 101, both sides of the balance sheet need to "balance" out. There should be an equal amount of assets that offset its liabilities. Obviously, there can be accounting trickery that can overstate assets though. (Zero chance I'm going to invest any time into looking at their financial statements.) This video was all over the place. They should have slowed it down and picked the main points and expanded those points. Lots of random "facts", but didn't make sense or very interconnected.
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