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New Meanwhile, in China
https://www.cnn.com/2021/09/14/investing/china-evergrande-group-stock-intl-hnk/index.html
The embattled Chinese property giant has already warned in recent weeks of its cash crisis, listing $300 billion in total liabilities and saying that it could default if it's unable to raise money quickly.


Evergrande, 2nd largest real estate operator in China with Trump-style financing. Everyone is calling in their chits and its projects are already largely shut down. Xi Jinping may have a Lehman Brothers style mess on his hands in a month or so.
New At least the organ banks will be full.
Ceterum autem censeo pars Republican esse delendam.
New China has too much housing and too much bad housing,
Saw a short video on social media yesterday of 15 (!) housing towers being demolished all at once after being incomplete and abandoned for years.

And then there is the actual lack of building quality, due to being such a cut-throat business. Youtuber Winston Sterzal (who used to live in China until they basically chased him out) has done a couple of videos of the poor quality a lot of recent construction. Houses built 3 years ago look like they're 50 years old and already falling apart.

It is possible for an economy to grow too fast for too long... :-/

Wade.
New sounds like new florida subdivisions,
"Science is the belief in the ignorance of the experts" – Richard Feynman
     Meanwhile, in China - (scoenye) - (3)
         At least the organ banks will be full. -NT - (InThane)
         China has too much housing and too much bad housing, - (static) - (1)
             sounds like new florida subdivisions, -NT - (boxley)

Beer is better than pain.
44 ms