Everything Is Awesome — Except in China

 Bitcoin is at another all-time high as it continues to head for the moon. The Dow Jones Industrial Average hit a record, while many more useful indexes of American stocks came close to peaks....  with the second-largest economy entering its worst slowdown in a generation.

John Authers Bloomberg 21 oktober 2021 

https://www.bloomberg.com/opinion/articles/2021-10-21/markets-haven-t-priced-in-risks-of-china-s-economic-slowdown


 Shares in China Evergrande fell sharply as the company’s stock resumed trading on Thursday after the Chinese real estate developer disclosed that a plan to sell its property services division had collapsed.

Evergrande’s Hong Kong-listed stock fell as much as 13.6 per cent after the end of the two-week suspension

FT 21 October 2021




The pain is spreading in the market for Chinese junk bonds

Real-estate developers dominate China’s international high-yield bond market, making up about 80% of its total $197 billion of debt outstanding, according to Goldman Sachs.

WSJ 21 October 2021



Kommentarer

Populära inlägg i den här bloggen

Niklas Ekdal, bunkergängets apologet

Röd Öppning - Red Opening

Tickande bomben i Heimstaden AB