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China's Economy is in Trouble

Zimbabwe

Zimbabwe

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One of the largest companies in china is facing a $300 billion debt with over 200 thousand people about to lose their jobs. This accounts for 20% of Chinas GDP and the big banks in China are tied to this company.

Looks like China might get what they deserve for their concentration camps in East Turkestan and unleashing the virus onto the world
 

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CAPSLOCK BANDIT

CAPSLOCK BANDIT

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Zimbabwe said:

One of the largest companies in china is facing a $300 billion debt with over 200 thousand people about to lose their jobs. This accounts for 20% of Chinas GDP and the big banks in China are tied to this company.

Looks like China might get what they deserve for their concentration camps in East Turkestan and unleashing the virus onto the world
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This is a plot for them to push for US to repay debt and start a war when it doesn't happen
 
Bible_Belt

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40 percent of the stock market is foreign owned, and China has something like 120 billion dollars of business ownership in this country. So I doubt they can implode without consequences elsewhere.
 
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Alvafe

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meh years ago was already said china made a big bubble or that market, they was building whole cities but it was empty because there was no one buying, guess it will finally happen, only strange thing was why the stock price was raising? it should go down, so that would mean or china is pushing this artificially so people would still belive they are ok, or the hit will be even bigger, its wait and see, but if I had any with that company I would sell now
 
Zimbabwe

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Alvafe said:
meh years ago was already said china made a big bubble or that market, they was building whole cities but it was empty because there was no one buying, guess it will finally happen, only strange thing was why the stock price was raising? it should go down, so that would mean or china is pushing this artificially so people would still belive they are ok, or the hit will be even bigger, its wait and see, but if I had any with that company I would sell now
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Credit based fake growth, We all knew China couldn't keep building ghost cities forever to artificially inflate their economy.
 
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