Communist China Prepares for Evergrande’s Collapse

Translated by: MOS Translation Team – Lakers

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Reluctant to bail out debt-ridden Evergrande, the Chinese Communist government has instructed local governments to “prepare for a potential storm” in order to prevent turmoil and mitigate the ripple effects on homebuyers and the overall economy.

The Chinese Communist government has instructed local governments to “prepare for a potential storm” due to collapse of debt-ridden Evergrande.

According to sources, local governments have been instructed to organize teams of accountants and legal experts to review the financial status of Evergrande’s operations in various regions, talk to local state-owned and private real estate developers, prepare to take over Evergrande’s local real estate projects, and set up law enforcement teams to monitor public anger and so-called “mass incidents “, a euphemism term for the protests.

As the mountain rain is coming, Evergrande is bound to collapse. The people who suffer the most under the fishy storm are still the lowest class ordinary people. The Chinese Communist government bailout does not work, but lies and violence against the people always works. How long will the people have to suffer?

(This article represents the views of the author only)

Source: https://cn.wsj.com/articles/%E4%B8%AD%E5%9B%BD%E8%A6%81%E6%B1%82%E5%9C%B0%E6%96%B9%E6%94%BF%E5%BA%9C%E4%B8%BA%E6%81%92%E5%A4%A7%E5%80%92%E9%97%AD%E5%81%9A%E5%A5%BD%E5%87%86%E5%A4%87-11632396607

Edited by: 文大刀

Proofread by: 文大刀

Posted by: 文大刀

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