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Have to sacrifice a bit for general population. If one can afford to buy a few houses as investment, then they must also be prepared to take the risk. But if they diversify their investment, then its just a small scratch.

ccp will not bail out evergrande, it'll set a bad precedent that the ccp gomen can be messed around with if corporations are too big to fail.

people are gonna be very upset when this compnany goes belly up and the owner (xu) will be an ideal scapegoat for ccp to put on the chopping board to appease the crowd + to warn other big corpos not to overleverage. some normal folks gonna be collateral damage sadly.

This post has been edited by thxxht: Sep 20 2021, 11:02 PM

Not so fast.
The editor-in-chief of state-backed Chinese newspaper Global Times warned debt-ridden property giant Evergrande Group (3333.HK) that it should not bet on a government bailout
https://www.reuters.com/world/china/chinas-...tor-2021-09-17/

Have you ever meet a human? They ain't that kind hearted and accept personal sacrifice for the ' greater good'.

BN doing the softening of properties speculation activities back then also kinda one of the reasons why they kena tendang out.

Since bubbles are meant to be popped, i don't see anything wrong with manually pop it earlier than expected. Consider that as normal market correction.

Most ppl don't care anyway. People stay at home, no need to check their house price every day.

This post has been edited by ctrl_alt_del: Sep 20 2021, 11:19 PM

It was initiated by the gov - forcing property developers to reduce leverage..

HK company, HK government pump in.

This post has been edited by kelvinfixx: Sep 20 2021, 11:20 PM