Tuesday, October 19, 2021 6:28:23 PM
This is crucial. Xi Jinping needs to resolve the real estate problem fast if he wants to continue to be the leader of the CCP. For that he will need to rely on private groups that are in a good financial situation and trustworthy. HOUMU seems to be a great fit.
So, this post by Nagrom10
Quote: “FIVE CHINE REAL ESTATE COMPANIES NOW DEFAULTING ON LOANS - Unlike Evergrande, Fantasia had been widely viewed as having the cash needed to meet its financial obligations; as such, the company's failure to pay came as a shock to many. The news was followed this week by requests from a further three Chinese players--Sinic Holdings Group, Modern Land, and Xinyuan Real Estate--to delay upcoming interest payments or restructure their repayment schedules.”
Is actually great news.
It may take a bit of time, maybe not so much, whichever the case… HOMU is GOLD!!!
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