North Point of View: China in Crisis

February 07, 2024 00:10:20
North Point of View: China in Crisis
North Point of View
North Point of View: China in Crisis

Feb 07 2024 | 00:10:20

/

Show Notes

It's not just Evergrande who just blew up, but the number two and number three, they've also all crashed and burned. Then when you go down to the much smaller developers, it's a raging forest fire. People are trying to get their money back from the bank because deposits they made for the construction of apartments or houses, it's not happening. These developers don't have the money and they can't proceed. When you go to the bank to get your money, you can't get your money. What we've seen in the last six, seven, eight months is actual protests outside the banks and in the streets. In China, that's a no no. The population is getting angry and picking up sticks and clubs and whatever they can, because, you know, this is how revolutions get started.

 

#savannah #savannahrealestate #savannahga #wsj #chinanews #china #evergrandecrisis #evergrande

Other Episodes

Episode 2

May 17, 2021 00:07:33
Episode Cover

5G and the Economy

Mark Hall and Dr. Walter Kemmsies discuss 5G. What does it mean for businesses? How will it filter throughout the economy? For more information...

Listen

Episode

May 22, 2023 00:14:03
Episode Cover

North Point of View: Comedy of Errors

In this episode, Mark Hall and Dr. Walter Kemmsies discuss the convergence of missteps and mistakes this past year and a half. The firing...

Listen

Episode 6

May 17, 2021 00:08:57
Episode Cover

Delivery Delays

Mark and Walter discuss the economy and why items are so delayed in delivery. For more information on North Point and The Kemmsies Group,...

Listen