[teaserteam]

Here is the difference between housing loan in China and the US. He explains that in the US if the owner cannot afford to repay the loan and when the bank forecloses the housing property, the owner does not have to pay the bank. In China, this is not the case, the bank can still go after the owner after foreclosing the property and the owner will still have to pay in full with his other assets and property. There is really no point to declare bankrupt even if there is an existing law.

https://x.com/LQ0068/status/1654279529085501443

[teaserteam]

When you are broke and decide to sell your expensive watch, you might encounter this kind of problem..

https://x.com/whyyoutouzhele/status/1852349462037049459

[teaserteam]

You got scammed and you cannot demonstrate.  There is no point to declare bankrupt,  look like the only way is to quietly accept the fade in China. Let the bank forecloses your property and continue paying off the debt until you die

https://x.com/YesterdayBigcat/status/185...5515940079

[teaserteam]

https://x.com/xinwendiaocha/status/1833506315525914983

[revealer]

Here is the difference between housing loan in China and the US.  He explains that in the US if the owner cannot afford to repay the loan and when the bank forecloses the housing property,  the owner does not have to pay the bank.  In China,  this is not the case, the bank can still go after the owner after foreclosing the property and the owner will still have to pay in full with his other assets and property.  There is really no point to declare bankrupt even if there is an existing law.

https://x.com/LQ0068/status/1654279529085501443

No wonder China banks’ NPL ratio r still so good when housing price collapses. The only other trouble is 高管掳款跑路like what happened in 黑龙江recently.

[watchfirst9]

Understand that 60% of the assets are in households' hands and consist of property  It was worth USD82 Trillion in 2019.  Now, it must be worth 15-20% less and still depreciating in value.  On the other hand,  the total debts have increased.  Until China can resolve the housing crisis,  nobody will know how much is China's final net worth.

https://www.seafarerfunds.com/prevailing...nce-sheet/

household, not included corp and govt.

[revealer]

https://x.com/zhihui999/status/185345881...4189670623¤tTweetUser=zhihui999

[Purikura]

CCP cult already borrowed and print so much money that they are trillions in debt lolololololol

Ah tiongs in third world china is already very poor and have no money just like wumao lololololol

[WhatDoYouThink!]

Alamak 都5千年了还早晚？

[watchfirst9]

Alamak 都5千年了还早晚？

is a plan swap debt for lower interest rate. 
.straitstimes.com › asia › china-announces-10-trillion-yuan-plan-to-fix-local-govt-debt-keeps-powder-dry-for-possible-trade-war
China unveils $1.8 trillion plan to fix local govt debt; more action ...
Nov 9, 2024These moves, alongside existing initiatives, are aimed at reducing hidden local debt to 2.3 trillion yuan by 2028, and would save officials 600 billion yuan in interest repayments, he said.


and is spread over 5 years
thediplomat.com › 2024 › 11 › china-unveils-1-7-trillion-package-to-address-mounting-local-debt-woes
China Unveils $1.7 Trillion Package to Address Mounting Local Debt Woes ...
Nov 8, 2024China's Ministry of Finance has announced a five-year, 12 trillion yuan ($1.7 trillion) plan to address local government debt pressures through structured debt swaps, special-purpose bonds, and ...


https://global.chinadaily.com.cn/a/20211...7bf7d.html
By the end of 2020, local governments in China had 25.66 trillion yuan ($4.03 trillion) in outstanding debt.

If compared to the financial strength of local governments, their debt ratio stood at 93.6 percent, below the international standard of 100 percent to 120 percent, said vice-minister of finance Xu Hongcai.

By the end of last year, the outstanding debt of the Chinese government stood at 46.55 trillion yuan, putting its debt-to-GDP ratio at 45.8 percent, which is below the 60-percent prudential limit recognized by the international community.

The government debt-to-GDP ratio is also below the levels of major market economies and emerging market economies, Xu added.

Chn is not the worst. If collapse, all will collapse together.

[teaserteam]

China's Government is low because the Local Governments(LG), who are bearers of major Government expenditures, are hiding its debt (hidden debt) under the "Corporations".  The Central Government is only responsible for the National Defense and interest rates.  After swapping the LG's hidden debt,  we should see debt under the Corporation reducing and the Central Government debt increasing by USD$1.4 Trillion,  The LG will save billions in interest rates as they swap the debts because the Corporate rates are higher.  Don't think the other fundamentals like total debts will change.  Nonetheless,  the liability of Corporations plus Financial sectors was USD126 trillion in 2019.  The USD1.4 Trillion debt swap is not a lot. To date,  China has injected about 7.5 Trillion yuan (USD$1 Trillion) into the economy.  The market did not react well to this stimulus.  More stimulus expected.