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Tue Oct 5, 2021, 06:28 PM

A Second Giant Chinese Real Estate Developer Has Defaulted.

A second Chinese real estate developer Fantasia Properties has defaulted on its debts. The default follows that of Evergrande a week before. Fantasia missed a payment of $315 million dollars on Monday.
It's the second one. Many more will follow.

https://www.cnn.com/2021/10/05/business/china-real-estate-fantasia-default-intl-hnk/index.html

Jim Chanos: Your time has come!

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Reply A Second Giant Chinese Real Estate Developer Has Defaulted. (Original post)
Tomconroy Oct 2021 OP
marble falls Oct 2021 #1

Response to Tomconroy (Original post)

Tue Oct 5, 2021, 06:37 PM

1. Ruh roh! Welcome to the effects of vulture capitalism and a real estate balloon!

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