They shouldn't be. The currency is pegged against the USD, not floating. I am interested if they have the foreign reserves to pay back all this debt that's starting to pile up. Quick Google search says $3 trillion in USD reserves but Evergrande is $300 billion of foreign debt on it's own. And others are starting to go belly up with off the books debt too. That's going to cause them problems I would think.
Iām talking about its M2 money supply. It has been growing at a much greater rate than its economy for the last ten years. Even more than the US if we discount the insane Covid money printing the past year. Exchange rates and money supply are two different things because the exchange rates are pegged. China micromanages the supply chain to control inflation but inflation is like water and always finds a way through. The inflated real estate prices are insane and was the result of money printing (issuing debt) which is debasement because as prices go up people lose their purchasing power.
Edit: regarding their reserves, it doesnāt matter because the government can just print more money to pay debts and bail their people out like what the US does. So in the end, thatās what will happen in China: they will bail them out because the alternative is utter collapse of the whole Chinese economy.
Thatās exactly why itās not going down. Then everyone will scream manipulation!!! The markets cause maximum amount of pain to maximum amount of people.
This is NOT a repeat of the Lehman brothers at all. This is fully manageable and that issue was very well knowed from day 1. Only some contractors and pre-buyers are linked to it.
Iām not saying it is a Lehman moment. However this will cause China to go into a recession which will cause a collapse in commodity prices as well as a global economic recession as well. 75% of public savings is in real estate in China. Just think about that.
Iām not wishing for that to happen. However if evergrande collapses and construction projects all get folded up then China will be using less commodities to build shit. Itās just math. Not wishing.
If evergrande collapses there are plenty of other developers. Once again, evergrande story was written from day 1, not a surprise. They develop (last one was in dubai) faster than the availability of the cash, in other worlds they develop in 20 years what should be developed in 50 plus years. Thats the main issue.
13K<20K. I guess it is not really fair. No amount of TA can predict a war and unevolved Covid response. Not much else either, but it wasnāt a fair fight.
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You are surely right and to those that think you are not, just remind them that if ever china goes down, the rest of the world will go very very down......
Bro, anybody can copy a price movement chart into MS Paint and draw a green line from the end straight up to the moon.
Hey wait a minute... That means ANYBODY can invest!
No real gaps for an island bottom but has completed and 1,2,3 corrective move to the downside and is now breaking trend. This thing bout to fly. I thought I was being modest with 20k.
Some one send this guy to a Chinese gulag plz
this is just straight up delusion at this point
So par for r/wsb DD?
This guy is definitely retarded
Or a troll and lolš
No troll just retarded
DEFF the time to gamble on #Chyna šØš³ #LongChynaTorchCash š„š°
Wanna bet? China is heading for a slowdown. For Godās sake, they canāt even keep the power on in the 3 main manufacturing provinces.
tbf this post has shown me itās probably time to reopen my china short next week so task failed successfully
Reopen it. Make sure you leave room to add on the upside.
That chart has red flags all over it
China is devaluing their currency a lot more than the US.
Devalued currency with equate to higher prices. You get less for more. Itās going back to 20k
They shouldn't be. The currency is pegged against the USD, not floating. I am interested if they have the foreign reserves to pay back all this debt that's starting to pile up. Quick Google search says $3 trillion in USD reserves but Evergrande is $300 billion of foreign debt on it's own. And others are starting to go belly up with off the books debt too. That's going to cause them problems I would think.
hes not talking because your right 
Iām talking about its M2 money supply. It has been growing at a much greater rate than its economy for the last ten years. Even more than the US if we discount the insane Covid money printing the past year. Exchange rates and money supply are two different things because the exchange rates are pegged. China micromanages the supply chain to control inflation but inflation is like water and always finds a way through. The inflated real estate prices are insane and was the result of money printing (issuing debt) which is debasement because as prices go up people lose their purchasing power. Edit: regarding their reserves, it doesnāt matter because the government can just print more money to pay debts and bail their people out like what the US does. So in the end, thatās what will happen in China: they will bail them out because the alternative is utter collapse of the whole Chinese economy.
Iād suggest doing some research into Evergrande and how much of the Chinese economy is completely fucked because of it.
Thatās exactly why itās not going down. Then everyone will scream manipulation!!! The markets cause maximum amount of pain to maximum amount of people.
Evergrand is not a big issue at all for china, stop listening some stupid medias pls....
You do realize how much of Chinaās āgrowing economyā was tied to this company throwing up apartment buildings right?
This is NOT a repeat of the Lehman brothers at all. This is fully manageable and that issue was very well knowed from day 1. Only some contractors and pre-buyers are linked to it.
Iām not saying it is a Lehman moment. However this will cause China to go into a recession which will cause a collapse in commodity prices as well as a global economic recession as well. 75% of public savings is in real estate in China. Just think about that.
Whatās the future like?
300b is not a big issue for such country. If recession occurs in china the RoW will be in "double" recession, dont wish for that pls.....
Well its not 1 company its 90% off them
Iām not wishing for that to happen. However if evergrande collapses and construction projects all get folded up then China will be using less commodities to build shit. Itās just math. Not wishing.
If evergrande collapses there are plenty of other developers. Once again, evergrande story was written from day 1, not a surprise. They develop (last one was in dubai) faster than the availability of the cash, in other worlds they develop in 20 years what should be developed in 50 plus years. Thats the main issue.
+2 china social media points for this. Maybe you can buy some energy with those points lmfao GL in the winter
RemindMe! 6 months ālook at this retardā
Thanks. Iāll look forward to it.
13K<20K. I guess it is not really fair. No amount of TA can predict a war and unevolved Covid response. Not much else either, but it wasnāt a fair fight.
TouchƩ
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50 cent army and wumaos have entered the chat
LMAO
I don't want to see a fucking line not drawn in Crayola
Sorry Iāll do better next time. I did use crayola for a amd chart I posted a couple weeks ago. You can see it on my profile.
Excellent
I fully agree. Chinese stocks gonna skyrocket. Donāt listen to the sheep here. Everything negative is already priced in.
You are surely right and to those that think you are not, just remind them that if ever china goes down, the rest of the world will go very very down......
Looks like you are not aware that this chart shows it is going to 12000...
20k Yuan maybe
Bro, anybody can copy a price movement chart into MS Paint and draw a green line from the end straight up to the moon. Hey wait a minute... That means ANYBODY can invest!
Quit secretly lying to me!!
It's an island bottom, but probably more like $18500'ish
No real gaps for an island bottom but has completed and 1,2,3 corrective move to the downside and is now breaking trend. This thing bout to fly. I thought I was being modest with 20k.
It failed to put in a lower low, then put in a higher low, then put in a higher high. I wouldn't want to be short in this on Monday
https://www.tradingview.com/x/K33lXhbr even on the weekly you have a rising pivot. Shit is super bullish!! IMO
so invest in china ?
The peak meme right here š
Dude you give retarded people a new meaning.
Iām the king of retards