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Evergrande: Crisis-hit Chinese property giant reveals $81bn loss (www.bbc.co.uk)

submitted 2 years ago by [email protected] to c/[email protected]

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[–] [email protected] 18 points 2 years ago (2 children)

That actually sounds far less than I expected.

[–] [email protected] 12 points 2 years ago

As with any data out of China, it would be underestimated or unreliable, but yes, it seems like it should have been larger.

The metrics in the latest RBA chart pack were not encouraging either.
https://www.rba.gov.au/chart-pack/pdf/chart-pack.pdf?v=2023-07-18-17-40-13

[–] [email protected] 9 points 2 years ago (1 children)

Probably far less than it is. Number sheets coming from any non easily verifiable, complicated reporting made in China are an estimate in the favor of the reporter. Cheating one another and especially the system is a national sport.

[–] [email protected] 7 points 2 years ago (1 children)

Damn, Elon been moonlighting?

[–] [email protected] 4 points 2 years ago (1 children)

Maybe once you've tasted the very top, you want to taste the bottom. Wait.

[–] [email protected] 3 points 2 years ago

That sounds so wrong