Thread:
DRAGON IS TURNING INTO A GOAT!
Even Iron Veiled Communist Fascist Govt in #China is No-more able to hide Truth!
Let me give you small brief on Economic Setbacks to China in recent days.
Latest: Chinese real estate giant Evergrande Group has filed for bankruptcy.
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DRAGON IS TURNING INTO A GOAT!
Even Iron Veiled Communist Fascist Govt in #China is No-more able to hide Truth!
Let me give you small brief on Economic Setbacks to China in recent days.
Latest: Chinese real estate giant Evergrande Group has filed for bankruptcy.
1/13
🔥Chinese Real Estate Giant Evergrande Group has filed for Chapter 15 bankruptcy protection in New York to protect non-US companies undergoing restructuring from creditors suing or seizing assets in the US.
Evergrande is one of China's largest real estate groups.
2/13
Evergrande is one of China's largest real estate groups.
2/13
After defaulting for the 1st time in 2021, its total liabilities once reached 2.4 trillion yuan, triggering a crisis in China's real estate market.
But Evergrande is not the only Chinese Real Estate Giant which has gone bankrupt. It has one more entity to give company.
3/13
But Evergrande is not the only Chinese Real Estate Giant which has gone bankrupt. It has one more entity to give company.
3/13
🔥China's biggest developer by sales Country Garden has delayed two international bond payments.
Real estate sector in China is still very weak. Country Garden is unable to pay its debts due to liquidity crisis. The company had almost $200 billion in debt at end of 2022.
4/13
Real estate sector in China is still very weak. Country Garden is unable to pay its debts due to liquidity crisis. The company had almost $200 billion in debt at end of 2022.
4/13
Country Garden was one of the best real estate developers during Evergrande crisis. But liquidity problems are not bypassing it either.
Real estate sales in 2023 are⬇️ by 50% on YoY leading to lack of liquid cash. Company has 30-day grace period. After that... bankruptcy.
5/13
Real estate sales in 2023 are⬇️ by 50% on YoY leading to lack of liquid cash. Company has 30-day grace period. After that... bankruptcy.
5/13
🔥Missed payments on investment products by a leading Chinese trust firm & fall in home prices have added to worries that China's deepening property crisis is hurting so much that China's Central Bank cutting key policy rates for 2nd time also won't stop it's downward trend.
6/13
6/13
🔥The yield gap b/w Chinese 10-year government bonds & US Treasuries widened to 164 bps, highest level since 2007!
It highlights fragility of China's economy & makes things worse!
🔥Foreign direct investment in China fell to a 25-year low to $4.9 Billion in Q2 of 2023.
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It highlights fragility of China's economy & makes things worse!
🔥Foreign direct investment in China fell to a 25-year low to $4.9 Billion in Q2 of 2023.
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🔥China’s exports fell by 14.5% in July on YoY , while imports fell by 12.4% last month. Fastest decline since Feb 2020.
Weak exports, caused by falling global demand, have increased the pressure for Beijing to boost domestic consumption in the rest of the year.
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Weak exports, caused by falling global demand, have increased the pressure for Beijing to boost domestic consumption in the rest of the year.
8/13
🔥China’s consumer-price index fell by 0.3% in July YoY. Index of factory-gate prices slumped by 4.4%. China had been teetering on the brink of deflation for months, as the rebound from lockdowns fizzled out.
🔥China’s unemployment surges to record 21.3% in June.
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🔥China’s unemployment surges to record 21.3% in June.
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Exports down, FIIs are selling holdings in China , Investment is receding , Property market is reeling & deflation too, plus investors parking money in Bharat instead of China....
But China's worst nightmare is yet to come & PM .@narendramodi Ji is just ensuring that.
10/13
But China's worst nightmare is yet to come & PM .@narendramodi Ji is just ensuring that.
10/13
That's not all!
Now Bharat Sarkar is planning to implement 60 quality control orders (QCOs) for various products such as consumer goods, rubber, paper & light engineering items to curb imports & boost domestic manufacturing.
Is that all?
No.
12/13
Now Bharat Sarkar is planning to implement 60 quality control orders (QCOs) for various products such as consumer goods, rubber, paper & light engineering items to curb imports & boost domestic manufacturing.
Is that all?
No.
12/13
🔥 #Chinese auto parts exports to the United States may be restricted by anti-forced labor laws.
China has reached to stagnation.
There is only a downward spiral now and Bharat+US are speeding up the process.
SuSu Swamy seriously needs to look for alternative employment!
13/13
China has reached to stagnation.
There is only a downward spiral now and Bharat+US are speeding up the process.
SuSu Swamy seriously needs to look for alternative employment!
13/13
I request you to retweet max as my account is heavily reported to kill my reach for exposing lies & agenda of Anti-Bharat forces. So pls retweet max if you agree with my above information. We can break such False Narratives ONLY by showing unity. Thank all in advance 🙏
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