Unfinished Buildings in China Put Trillions of Chi
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Posted On: 08/18/2022 9:50:11 AM
Unfinished Buildings in China Put Trillions of Chinese Bank Loans at Risk
https://www.theepochtimes.com/unfinished-buil...ginoReport
#China
#market
#debt
#loan
#risk
Quote:
Chinese economist Huang Jun told The Epoch Times that the primary reason for Evergrande’s collapse was that the state-owned banks stopped lending, knowing that Evergrande had issued bonds with very high-interest rates, which it could not repay.
Quote:
“Beijing likely played a role in Evergrande’s collapse,” Huang explained. “Since the housing reform in 1998, China’s private real estate enterprises have grown large. But the CCP wants to regain control by turning private enterprises into state-owned.”
Huang mentioned the CCP’s long-standing economic philosophy, “the state enterprises advance, the private sector retreats,” a principle that suppresses the free-market economy and bolsters state control. Since the early 2000s, the CCP has promoted the dominance of state-owned enterprises at the expense of the private sector.
https://www.theepochtimes.com/unfinished-buil...ginoReport
#China
#market
#debt
#loan
#risk
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U.S. Constitution
"The Preamble
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."
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"The Preamble
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."
Oath
"I solemnly swear to support and defend the Constitution of the United States of America"
The Flag
"I pledge allegiance to the flag of the United States of America, and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all."
Quote:
If the broker-dealer fails to deliver for 13 days, the regulation imposes a “close out” duty to purchase and deliver securities “of like kind and quantity.”
https://www.bloomberg.com/opinion/articles/20...ify%20wall
https://www.scotusblog.com/case-files/cases/m...v-manning/
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