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Tomconroy

(7,611 posts) Tue Oct 5, 2021, 06:28 PM Oct 2021

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!

1 replies

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Highlight:

A Second Giant Chinese Real Estate Developer Has Defaulted. (Original Post) Tomconroy Oct 2021 OP

(57,063 posts)

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

Tue Oct 5, 2021, 06:37 PM

Oct 2021