About China today

Hello everyone 😊

Today is about China today 😊
Following China Real Estate, Evergrande Group, and Bijingyuan, Shimao Group also issued a settlement order.

China's top real estate companies have also lowered Bloomberg's ratings.
A policy to suppress real estate loans was taken from Evergrande Group's settlement order, and a loan bubble to small and medium-sized enterprises occurred instead, but now news that loans to small and medium-sized enterprises will be suppressed has come out 😰
As a result, although it has not been confirmed, there is a possibility that loans for zombie companies (companies that have been in the red for 3 consecutive terms and cannot earn money on their own) will disappear 😓
It's not a confirmation, it's a possibility 😓
It changes day by day, so I still can't say anything, but let's keep an eye out 😚

If the Xi Jinping administration from 2012 falls, there is also a possibility that the bankruptcy of indebted companies will be further hastened 😥

Whether you look to the right or the left, there is nothing but a suspicious atmosphere in China now~ 😥

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Next time, virtual currency will continue 😉