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Evergrande: Crisis-hit Chinese property giant reveals $81bn loss
(www.bbc.co.uk)
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this post was submitted on 18 Jul 2023
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That actually sounds far less than I expected.
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
You do realize that there is a financial sector that invests both domestically and internationally? If literally everything was unreliable, it would be nigh impossible for investors to turn a profit.
He does but narrative > logic, he doesn't believe his own words.