fmdog44
Well-known Member
- Location
- Houston, Texas
I watched CNBC this week and there is big worries about the Chinese economy. Today one of the guests said to avoid the S&P index for its holdings in international stocks. I don't claim to understand all of his but the rhetoric is alarming. Their banks are in it up to their necks. The consensus is our economy will be OK.
Sept. 23, 2021, 9:14 AM CDT
By Jennifer Jett
HONG KONG — Evergrande Group built a real estate empire on a mountain of debt. Now the Chinese property giant is in trouble — and there are fears it might take the global economy down with it.
The uncertainty fueled a market selloff this week and has raised concerns of a crisis similar to the one set off in 2008 by the collapse of the U.S. investment bank Lehman Brothers. Experts say such comparisons are overblown, not least because the Chinese government exerts a much greater degree of control over even private companies like Evergrande.
Sept. 23, 2021, 9:14 AM CDT
By Jennifer Jett
HONG KONG — Evergrande Group built a real estate empire on a mountain of debt. Now the Chinese property giant is in trouble — and there are fears it might take the global economy down with it.
The uncertainty fueled a market selloff this week and has raised concerns of a crisis similar to the one set off in 2008 by the collapse of the U.S. investment bank Lehman Brothers. Experts say such comparisons are overblown, not least because the Chinese government exerts a much greater degree of control over even private companies like Evergrande.