CCP transferred corrupted money to westerns in all sectors, those exposed CCP kena caught due to property buble burst. Those hidden not exposed will make America great again.
Useless CCP not able to solve property bubble issues for the past 5-6 years which gave sufficient time for Xu Jiayin to transfer the corrupted money to America.
Useless and corrupted CCP is laughable and shameless unable to resolve real estate bubble just like silly i.diot qqq.
Silly evil Xi could visit his daugther and the follow monkeys in America:
1. Kong Dongmei, granddaughter of Mao Zedong 2. Deng Zhifanf, son of Deng Xiaoping 3. Deng Zhuodi, grandson of Deng Xiaoping 4. Zhuo Yue, granddaughter of Deng Xiaoping 5. Jiang Mianheng, eldest son of Jiang Zemin 6. Jiang Zhicheng, grandson of Jiang Zemin 7. Hu Haiqing, daugter of Hu Jintao 8. Xi Mingze, daugter of Xi Jinping 9. Yang Jiechi, senior member of CCP entire family 10. too many just ignore the rest
He could hold a CCP reunion gathering with those monkeys and try to take back the stolen corrupted money from Chinese local citizens.
Don't forget Qin Gang newly born baby in America as well. After his trip in America he may also travel to Canada to visit his sister and brother in law.
I think Premier Li Qiang is still the best who may hold family gathering with his angmo son in law at his wife RMB 15 millions super villa.
Silly evil Xi could visit his daugther and the follow monkeys in America:
1. Kong Dongmei, granddaughter of Mao Zedong 2. Deng Zhifanf, son of Deng Xiaoping 3. Deng Zhuodi, grandson of Deng Xiaoping 4. Zhuo Yue, granddaughter of Deng Xiaoping 5. Jiang Mianheng, eldest son of Jiang Zemin 6. Jiang Zhicheng, grandson of Jiang Zemin 7. Hu Haiqing, daugter of Hu Jintao 8. Xi Mingze, daugter of Xi Jinping 9. Yang Jiechi, senior member of CCP entire family 10. too many just ignore the rest
He could hold a CCP reunion gathering with those monkeys and try to take back the stolen corrupted money from Chinese local citizens.
Don't forget Qin Gang newly born baby in America as well. After his trip in America he may also travel to Canada to visit his sister and brother in law.
I think Premier Li Qiang is still the best who may hold family gathering with his angmo son in law at his wife RMB 15 millions super villa.
CCP supporters were wrong misunderstanding the anit western propaganda, actually the entire CCP family love migrating to democratic and freedom countries with hard earned corrupted US dollar. We should respect their smart choice.
Silly evil Xi could visit his daugther and the follow monkeys in America:
1. Kong Dongmei, granddaughter of Mao Zedong 2. Deng Zhifanf, son of Deng Xiaoping 3. Deng Zhuodi, grandson of Deng Xiaoping 4. Zhuo Yue, granddaughter of Deng Xiaoping 5. Jiang Mianheng, eldest son of Jiang Zemin 6. Jiang Zhicheng, grandson of Jiang Zemin 7. Hu Haiqing, daugter of Hu Jintao 8. Xi Mingze, daugter of Xi Jinping 9. Yang Jiechi, senior member of CCP entire family 10. too many just ignore the rest
He could hold a CCP reunion gathering with those monkeys and try to take back the stolen corrupted money from Chinese local citizens.
Don't forget Qin Gang newly born baby in America as well. After his trip in America he may also travel to Canada to visit his sister and brother in law.
I think Premier Li Qiang is still the best who may hold family gathering with his angmo son in law at his wife RMB 15 millions super villa.
CCP supporters were wrong misunderstanding the anit western propaganda, actually the entire CCP family love migrating to democratic and freedom countries with hard earned corrupted US dollar. We should respect their smart choice.
Indeed, CCP top guns family love to stay in democratic and freedom countries, otherwise, they would have migrated to Russia, North Korea, Cuba etc. Lets support them and stay away from evil alliance.
Corrupted CCP already transfer money oversea how to complete those unfinished units ? Probably Malaysian CCP supporters need to donate money to save those homelessness.
China's Country Garden warns it could fail to pay offshore debt obligations
HONG KONG (Reuters) -China's Country Garden Holdings said it might not be able to meet all of its offshore payment obligations when due or within the relevant grace periods, as the country's largest private property developer grapples with debt restructuring.
"Such non-payment may lead to relevant creditors of the Group demanding acceleration of payment of the relevant indebtedness owed to them or pursuing enforcement action," the company said in a Hong Kong Stock Exchange filing on Tuesday.
The group is currently facing "significant" uncertainty regarding disposing of its assets and its cash position remains under pressure, added the developer, which has $10.96 billion of offshore bonds and 42.4 billion yuan ($5.81 billion) worth of loans not denominated in yuan.
Companies accounting for 40% of Chinese home sales - mostly private property developers - have defaulted on debt obligations since a liquidity crisis hit the sector in 2021, leaving many homes unfinished.
The problems have deepened in the past two years as confidence in housing and capital markets dried up, further squeezing developers' liquidity.
Country Garden said it had appointed Houlihan Lokey (NYSE:HLI), China International Capital Corporation (CICC) and law firm Sidley Austin as advisers to examine its capital structure and liquidity position.
Morningstar analyst Jeff Zhang said mandating advisers showed "whether the company will default hinges on the outcome of overseas debt restructuring and the next two weeks will be crucial."
"We do not expect Country Garden's liquidity to materially improve as homebuyers and financial institutions may continue to stay on the sidelines," he said.
The company was due on Monday to pay $66.8 million in coupons on 2024 and 2026 dollar bonds, although the payments have a 30-day grace period.
Country Garden has not disclosed whether the coupon payment was made. It did not make a principal payment of HK$470 million ($60.04 million) on certain debts, it said in the filing, without providing further details.
The developer had been working towards announcing a restructure of its offshore debt, Chinese media reported on Monday.
Country Garden faces another big test next week when its entire offshore debt could be deemed in default if it fails to pay a $15 million September coupon by Oct. 17.
ONSHORE RESTRUCTURING
Country Garden said on Tuesday it had won approval from onshore bondholders for the extension of nine series of bonds with an outstanding principal value of 14.7 billion yuan ($2.02 billion), which it said provided it "with the time and space to focus on the recovery of its business operations."
The developer's shares rose 3% in early trading on Tuesday, having lost nearly 70% of their value since the start of the year.
"The company's previous model was not sustainable, they are now addressing it, trying to scale down their debt burden and make their business size appropriate," said Sandra Chow, CreditSight's co-head of Asia Pacific research.
"There is a smaller property market overall and it makes sense to adapt to that," she said, adding that a restructure would look to extend debt maturity repayments, reduce bond coupon rates and accelerate asset sales.
Country Garden said it would make "its best effort to ensure the delivery of properties, which is the group's most critical corporate responsibility and is the key pillar to safeguard the property market."
China's government has recently implemented a range of measures from reducing deposit requirements to cutting existing mortgage rates in some cities to help renew confidence among home buyers to support the property market.
"The difficult situation shows that Chinese developers face severe liquidity pressure from weak home sales, and repayment to bondholders is still a lower priority," said Gary Ng, senior economist at Natixis Corporate and Investment Bank.
"More developers will try to extend and restructure their debt to mitigate the stress, but how fast it can be is still a big question mark."
CCP's "changes not seen for hundred years" - real estate bubble burst only created by CCP
CCP does not care about World’s Largest 1.62 Million Unfinished Units; 6 Million Homeowners Face Potential Homelessness. What a rubbish western political system.
CCP does not care about World’s Largest 1.62 Million Unfinished Units; 6 Million Homeowners Face Potential Homelessness. What a rubbish western political system.
CCP transferred money oversea and locals bear the bad debts. What a pity.
Btw....China economically is actually more stable now compare to USA mah....bcos it do not have bubble now....and its economy is in consolidation for the past 5 yrs mah!
CCP is very cruel intentional to make their citizens bacame negative assets and bad debts by selling very expensive and not affordable unfinished untis to their local citizens.
CCP is very cruel intentional to make their citizens bacame negative assets and bad debts by selling very expensive and not affordable unfinished untis to their local citizens.
Silly Xi make U turn open up all restrictions but too bad nobody want to buy. GLC selling assets now make the property market even worse.
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