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Lepus Felix
CNBC Television
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Comments by "Lepus Felix" (@MasticinaAkicta) on "Chinese homebuyers are caught in the middle of Evergrande debt crisis" video.
@darkrood Sounds like they are playing the "Things will be alright" game. Now in 30 days things will be a lot more clear. I get it, businesses always have to be positive about things. You know the deal instead of saying "Yes we have some money flow problems" you say "The economy has driven us into a level of resources that will still work. But expect some adaptations in the long term plans."
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I wonder if they have done debt restructuring by putting debts under under shell companies. It isn't usual for a big company to move debt around like that. Some call it fraud, others call it "financial tinkering "
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Not the only ones "asked" to forego bonusses and more. It seems the economy in China is contracting. Or at least not growing at the rate that paying bonusses seems making sense. That or the debt figures become to big to safely bear. Sure they can force the bank to offer more loans, CCP can do that, but that would raise debts even MORE! Which raises prices, leading to deeper debts...
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