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Thread: Financial problems in China

  1. #1
    Join Date
    Dec 2010
    Posts
    10,715

    Financial problems in China

    https://www.express.co.uk/news/world...vergrande-debt
    Will this have a knock on effect for Lai and Fossun ?

  2. #2
    Join Date
    Jun 2010
    Posts
    13,743
    Quote Originally Posted by soulman101 View Post
    https://www.express.co.uk/news/world...vergrande-debt
    Will this have a knock on effect for Lai and Fossun ?

    Back to whips and more sweat shops and container prices hitting the roof!

    We are doomed! Hope that c unt Lai becomes homeless!!!

  3. #3
    Join Date
    Jul 2012
    Posts
    9,813
    The company has $300billion in liabilities........
    Yeah fcuk the little person with debts.....lets bail out again the "Masters of the Universe"
    What disdain and pure arrogance these institutions act with......so the world's factory and the world's gas station are about to turn the screw with more capital write offs.
    We deserve everything coming to us now!!

  4. #4
    Join Date
    Dec 2011
    Posts
    5,634
    This story has been doing the rounds for a while.

    A lot of these Chinese companies, like Lai, have taken advantage of cheap loans in China to buy businesses that they have paid way over the top for.

    Now those loans have to be repaid and they cannot repay them and they are fkd.

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