, were hit by a wave of volatility in September following the release of a leaked document that raised questions over the firm's liquidity position.Qilai Shen | Bloomberg | Getty Images
Asked if concerns over Evergrande were representative of the wider real estate sector in China, Darby said the firm is a "really isolated" case. "I think represents sort of the older style of managing a business," the strategist said. "There're a large number now of companies in China which are not debt-incumbered at all and indeed many of the state-owned or state-related property companies in China don't have much debt at all."
"I think the underlying property sales in China have been extraordinarily robust in the first six months after Covid-19 struck," Darby said, adding that the sector's strength has served as "insulation" for the Chinese economy.
no surprise when you can borrow hundreds of thousands for the price of dinner in a good restaurant.
Artificially low interest rates certainly help. Good ol fashioned government interference!
RECOVERY! Create more JOBS & MANUFACTURING! Too Easy! Remove the LOCKDOWNS & MASKS. Go back to the way it was & ADMIT that the COVID 19 PANDEMIC which is less VIRULENT than the FLU & MAN MADE CLIMATE CHANGE are SCAMS.
It’s called supply and demand, kind of basic really!!