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Michael Canning

Michael has a Masters's Degree in Leadership and Juris Doctorate. After working in private business for 10 years, he started writing. He covers law, business, startups, and technology. One of his passions is researching disruptive technology in business. [email protected]

49 thoughts on “China Property Stocks Plunge Amid Shimao 'Red Flag'

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    April 16, 2022 at 7:05 am
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    The reality of overstretching yourself financially is well known by consumers but it appears to be lacking in corporations involved in property development. Its the over construction built on over optimistic sales targets. Whats happening in China will eventually filter through into the West as sales decline due to years of worker wage suppression. Another factor is its well known that criminal gangs launder dirty money through property purchases & high end car purchases. But the business model is flawed eg consumers are NOT in a position to buy any more. Collapsing sales due to wage suppression & overhyped prices will be the ultimate downfall of these businesses, reality kicks in at some point. No country is immune , it will play out next year as the house of cards finally comes falling down.

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    April 16, 2022 at 7:05 am
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    I finally understand why Biden said he would compete fiercely with China, while Xi Jinping said he did not want to compete, but only wanted to cooperate. The so-called fierce competition will have no bottom line to discredit and attack each other. Look at your so-called experts. Isn't it a presumption of guilt?

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    April 16, 2022 at 7:05 am
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    Investors should cut economic ties, and detach themselves from Communist China's tyrannical.regime! The evil dictator has tortured innocent people and forced many to live in concentration camps. These Nazi style camps, have implemented forced sterilization, barbaric rape, water boarding, forced labor and Xi's ultimate goal – genocide. Immoral China is floundering, facing billions in real estate losses, defaults, stock market downgrades, small business closings, frequent floods/earthquakes/natural disaters daily, and millions of citizens forced relocation. Their infrastructure is collapsing from poorly constructed buildings/bridges/roads, illegal boats destroyed, digital companies fleeing relocating in Japan and Asia, water pollution, blackouts and lack of coal.
    It looks like the Chinese people won't keep warm fingers and toes this winter!
    karma baby

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    April 16, 2022 at 7:05 am
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    Bad, too bad, about to collapse, and Boom, unexpectedly good. Which stage is this Bloomberg "report" at?

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    April 16, 2022 at 7:05 am
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    shimao shows how desperate china real estate companies are. just more financial frauds and liquidity crises coming

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    April 16, 2022 at 7:05 am
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    This is just the beginning: most developer debt matures in March/April 2022. Get your popcorn

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    April 16, 2022 at 7:05 am
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    Sound like Shimao is using reserves to fund construction. This would move them out of trust.

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    April 16, 2022 at 7:05 am
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    Only an idiot will invest in Chinese Stocks

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    April 16, 2022 at 7:05 am
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    Can she, sort of, stop using ‘sort of’ so often?…😒😖

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    April 16, 2022 at 7:05 am
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    Westerners always wish china will be backward like their own country.

    Truth is China way more advanced and prosperous.

    People who are not stupid know that China always the best country, Rising above own score. No other nation can be matched. You must respect and obey the most glorious nation China or else there will be severe consequences. I am so proud to be a Chinese. We Chinese are the smartest, strongest and greatest race

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    April 16, 2022 at 7:05 am
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    When you fake the books to cover up the bribes, you eventually run out of cash

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    April 16, 2022 at 7:05 am
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    Yes, Rebecca Choong, Great data, 👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾💯😍👑❤️.

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    April 16, 2022 at 7:05 am
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    Duh! China is a thief. They probably never intended to repay the banks. They must have known that it would only be a matter of time before they found out about it.

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    April 16, 2022 at 7:05 am
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    Buy buy buy time to BUY when everything crashes, CHINA needs your money to fund the invasion of Taiwan and United States… INVEST now..

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    April 16, 2022 at 7:05 am
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    Wasn't it like a month ago that BlackRock and a few other big players were pushing for more investors to go into China because it was at a "significant discount."

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    April 16, 2022 at 7:05 am
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    i like her voice-sound that soft but determined… go Rebecca! Bloomberg H.K haa a good journalist!

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    April 16, 2022 at 7:05 am
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    The excesses resulting from money printing is exponentially worse than prior to the financial crisis. There will be a disastrous reckoning in 2022.

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    April 16, 2022 at 7:05 am
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    I DON'T WANT TO SAY POLITICAL STUFFS BUT WE HAVE TO START TO THINK ABOUT POST -CHINA MEANS THE MYTH OF CHINA HAS GONE MEANS THERE WILL BE A MULTILATERAL SYSTEM STARTING SOON LED BY JAPAN+KOREA USA CHINA RUSSIA OPEC (MIDDLE EAST) EUROPEAN COUNTRIES AND INDEED EU ALSO CANNOT BE SUSTAINED UNDER ITS CURRENT SOCCIAL – DEMS ABSURD ECONOMIC SYSTEM MEANS IT WILL BE GONE TO MANY PIECES!!!!:) IN OTHER WORDS ALMIGHTY US$'S STRENGTH IS GETTING DIMINISHED FURTHER AND FURTHER!!!!!:)

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    April 16, 2022 at 7:05 am
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    DO THE MATH AND HAVE A MACRO SIGHT THAT GOLD PRICE IS GOING UP TO THE LEVEL OF 2K$ BEFORE END OF MARCH 2022 AND IT WILL BE ULTIMATELY GOING UP TO THE LEVEL OF 10K$ -15K$ IN COMING YEARS!!!!!!!!!! AND OIL PRICE IS GOING UP TO THE LEVEL OF 90$ BB/L VERY SOON AND IT WILL BE 130$ BB/L IN 2022 AND IT WLL BE IN THE RANGE OF 180$ BB/L – 220$ BB/L IN 2023-2024!!!!! BECAUSE US$ IS NOW GOING TO STRUCTURALLY DEVALUATION TO DEAL WITH ITS FINANCIAL ENGINEERING PROBLEM!!!!!!!!! THE US 10 YR YIELD HAS BEEN TOOOOOOOOOOO MUCH SKEWED BY THE US FED AND NOW TIME TO FIX IT!!!!!!!!! OR NO MORE FUNCTION AS A GAUGE OF NATIONAL TREASURY!!!!

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    April 16, 2022 at 7:05 am
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    CHINA GOVERNMENT SHOULD HAVE DONE ITS RRR CUT IN JULY AS I'VE SAID MANY TIMES AT THE TIME!!!! ALSO LPR -CUT SHOULD HAVE BEEN DONE BEFORE OCT BUT TOOOOOOOOO LATE TO GO FOR IT!!!!!!!!!! SORRY TO SAY BUT CHINA PBOC HAS BEEN SOOOOO INCOMPETENT TO DEAL WITH ECONOMIC CRISIS!!!!!!!!!! AND IT IS TOOOOOOOOOO LATE SINCE FED HAS NO OTHER OPTIONS BUT STARTING ITS RATE-HIKING CYCLE!!!!!!!!!! AGAIN BUY GOLD!!!!!!

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    April 16, 2022 at 7:05 am
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    THERE WILL BE 2 NUCLEAR BOMBS ON CHINA ECONOMY 1. LPR -CUT 2. WEAK US$!!!!!!!!!!:) IT HAS BEEN TOOOOOOOOO LATE TO CUT ITS LPR AND IT WILL BE A NUCLEAR BOMB 2. WEAK US$ IS NOW STARTING STRUCTURALLY!!!!!!! AGAIN IT'S TIME TO BU GOLD HAVE A MACRO SIGHT!!!!!!!

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    April 16, 2022 at 7:05 am
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    he lived a life of excess, his empire in debt. but he carried on, his dreams ever grand. until they turned to sand.

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