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China property market rocked as giant Evergrande struggles to repay $300bn debts

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Shares in Hong Kong-listed firm slump 10% and bond trade suspended amid fears of contagion in shaky Chinese real estate market

. Evergrande claims to employ 200,000 people and indirectly generate 3.8 million jobs in China.

 

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China's (tofu-dreg) construction industry massively bolsters GDP, inflating its economy into the realm of fantasy. Riddled with corruption, rotten to the very core.

Ho ho ho! We will bury you (in real estate defaults).

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