[Epoch Times October 18, 2021]Hello, everyone, this is Zhao Pei.
Today’s focus: the central bank does not want to save Evergrande! The CCP will open up real estate speculation; the people have to pay their debts for the “Hengdas”! (Zhao Peiwei video)
On October 15, 2021, an official of the Central Bank of the Communist Party of China said, “Of the total liabilities of Evergrande Group, financial liabilities are less than one-third, and creditors are relatively dispersed. The risk exposure of individual financial institutions is not large. The spillover of the financial industry is controllable.” Many people’s interpretation of the central bank’s sentence is that the central bank is unwilling to provide money to rescue Evergrande.
Let me say, this is not human words, I will use human words to translate it for everyone: Among Evergrande’s debts, the amount owed to banks is not too much, and it is still divided among 25 banks. Evergrande’s failure to enter will not cause the bank to go bankrupt, so the central bank does not care; the subtext is that the money Evergrande owes contractors, migrant workers, and house buyers is the bulk. Whether the people who bought Evergrande’s house can receive the house is related to The central bank has nothing to do with it. If they dare to petition, they will be under the control of the public security, and it has nothing to do with the central bank. It’s so shameless, it’s so shameless.
But then again, there is more than one Evergrande in China. Let’s look at the top five Chinese real estate companies in debt. Of course, Evergrande is the first in debt with 1.95 trillion in debt; Country Garden is the second with 1.76 in debt. Trillion; the third place is Vanke, 1.52 trillion; the fourth is Greenland, 1.2 trillion; the fifth is Poly, 930 billion. These real estate companies have borrowed a large amount of debt and contributed a large amount of land transfer fees to the local government of the Chinese Communist Party. If they explode, let alone China’s financial system, the world‘s financial system will shake.
Why do you say that? Because these real estate companies not only borrow money from the Bank of China, but consortia in the United States, Switzerland, Japan and other Western countries have lent money to these real estate companies. These consortia even include pension funds in many countries and cannot provide pension funds. This is not only a financial crisis, but also a social crisis. This is why even the US Secretary of State Blincoln began to talk about Evergrande’s debt crisis. (Zhao Peiwei video)
On the same day that the central bank official issued a statement, the China Real Estate Industry Association brought people from Poly, Greentown, and other real estate companies at or above the first level to Beijing for a meeting and asked them what the real estate companies would do? These bosses cried immediately and begged the CCP to open up real estate speculation. This is of course my vivid description. The original text said, “I hope that the regulation and control policy will be appropriately loosened on the premise of insisting on the principle of’housing, housing and not speculation’, including stabilizing market expectations. , Support just-needed house purchases and adjustment of land prices, etc.”
These real estate companies are also very helpless. Companies such as Evergrande and Country Garden were originally planning to sell houses at lower prices and withdraw funds to repay debts, but the Communist Party does not allow them, so what should they do? The CCP can only open up real estate speculation. The CCP has many measures, but the most important one is to open up loans so that Chinese people can borrow more money to buy more houses at high prices.
In fact, the CCP did the same. On October 15th, Reuters reported that the CCP’s financial regulator required banks to speed up the approval of mortgage loans in the last quarter at the end of September. Repay money for real estate companies.
This matter is subtle. The CCP’s local government speculation in land and high bank interest rates have caused huge debts to real estate companies such as Evergrande. At this time when foreign consortia and domestic banks pressure the CCP to rescue the real estate market, the CCP not only does not reflect on its own mistakes, but on the contrary. Continue to blow up the real estate bubble to let people pay off debts for real estate companies.
This wave of the CCP’s real estate bubble will make many media analysis of China’s real estate collapse or economic collapse untenable, but Chinese people who rely on work to survive will increase in debt, life will be more difficult, and more and more Chinese people will be lying flat. .
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