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(Yahoo)   How do you say, "You broke it, you buy it" in Mandarin?   (news.yahoo.com) divider line
    More: Obvious, Money, Evergrande's billionaire founder, Hui Ka Yan, local governments China, Bloomberg Billionaires Index, Wealth, Real estate, company's debt  
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1188 clicks; posted to Business » on 27 Oct 2021 at 9:03 AM (5 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



18 Comments     (+0 »)
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2021-10-27 9:22:48 AM  
The party vs shiatty billionaire. I don't have to root for one, but I can enjoy the show.
 
2021-10-27 9:27:37 AM  
Oh noes.  The $5+ quadrillion dollar debt market might not realize $300 billion!  The horror!
By the way, $300 billion is less than the uncollectible medical debt of the USA, never mind the student loan money that also will never be collected.  It's a drop in the bucket.
 
2021-10-27 9:28:49 AM  
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what about Japanese fat heads?
 
2021-10-27 9:33:17 AM  
But local governments China are keeping tabs on Evergrande's bank accounts to ensure the company's funds are being used to complete housing projects under construction, rather than being used to pay creditors, Bloomberg added.

Those damned chicoms!  Don't they know they need to reduce taxes and give this poor, innocent business a bailout from the government coffers!
 
hej
2021-10-27 10:02:19 AM  
Would be pretty badass if we did it that way here.
 
2021-10-27 10:03:41 AM  
I don't see a downside, here. Making those who made the mess pay to clean it up?
 
2021-10-27 10:16:50 AM  
It's the morally right thing to do, but it does make one wonder what this means for the legal definition of "limited liability corporation".
 
2021-10-27 10:48:07 AM  

HotWingConspiracy: The party vs shiatty billionaire. I don't have to root for one, but I can enjoy the show.



China is going to let the market work.  in Murca, the Public bails out the 1%'s Banks and the hell with the welfare queens.
 
2021-10-27 10:49:26 AM  

Arkanaut: It's the morally right thing to do, but it does make one wonder what this means for the legal definition of "limited liability corporation".



China prefers that the market decides.  the socialist approach in the States makes them nervous.
 
2021-10-27 10:50:09 AM  

Nadie_AZ: I don't see a downside, here. Making those who made the mess pay to clean it up?



in the States he'd be bailed out by the Public.
 
2021-10-27 10:50:36 AM  

hej: Would be pretty badass if we did it that way here.



no it wouldn't

it'd be called the Free Market.
 
2021-10-27 10:53:46 AM  

HotWingConspiracy: The party vs shiatty billionaire. I don't have to root for one, but I can enjoy the show.



in China, the Communist Party (approx 60 million members) owns the government and 90% of the nation's wealth.

in Murca, the Capitalist Party (also known as the 1% ----it has two halves, Democrat and Republican) owns the government and 90% of the nation's wealth.
 
2021-10-27 11:35:29 AM  

Linux_Yes: HotWingConspiracy: The party vs shiatty billionaire. I don't have to root for one, but I can enjoy the show.


in China, the Communist Party (approx 60 million members) owns the government and 90% of the nation's wealth.

in Murca, the Capitalist Party (also known as the 1% ----it has two halves, Democrat and Republican) owns the government and 90% of the nation's wealth.


While I agree our government is in cahoots with the 1%, consider this.... the People's Congress of China has 100 billionaires (USD not RMB).  All card carrying party members.  There are no billionaires in the US Congress. Not one.

With a few exceptions, the wealthiest in China and the Party are for the most part, one.
 
2021-10-27 11:35:38 AM  

ltdanman44: [Fark user image 241x297]

[Fark user image 500x359]


what about Japanese fat heads?



Pai Mei was Chinese.

The fatheads (like Boss Tanaka) were at the table with Lucy Liu in Tokyo.

Fark user imageView Full Size
 
2021-10-27 11:51:53 AM  
It's a nice thought but if his wealth is based on the company's value China is basically saying the markets can eat this one.
 
2021-10-27 12:42:44 PM  

Englebert Slaptyback: ltdanman44: [Fark user image 241x297]

[Fark user image 500x359]


what about Japanese fat heads?


Pai Mei was Chinese.

The fatheads (like Boss Tanaka) were at the table with Lucy Liu in Tokyo.

[Fark user image image 817x342]


Gordon Liu is Chinese, though.
 
2021-10-27 12:44:55 PM  

cyberspacedout: Englebert Slaptyback: ltdanman44: [Fark user image 241x297]

[Fark user image 500x359]


what about Japanese fat heads?


Pai Mei was Chinese.

The fatheads (like Boss Tanaka) were at the table with Lucy Liu in Tokyo.

[Fark user image image 817x342]

Gordon Liu is Chinese, though.


Er, I mean both Gordon and Lucy. They made her character half Japanese.
 
2021-10-27 9:48:33 PM  

Northern: Oh noes.  The $5+ quadrillion dollar debt market might not realize $300 billion!  The horror!
By the way, $300 billion is less than the uncollectible medical debt of the USA, never mind the student loan money that also will never be collected.  It's a drop in the bucket.


Debt isn't even real. It's just the quantification of one agency demanding payment from another agency under the implicit threat of violence. It's basically just extortion of the poor by the rich with a veneer of legitimacy.

So it's incredibly ironic to see the Chinese government using debt as a pretense to eat the rich.
 
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