1. Debts in China’s Metropolis cannot be paid off. Thus, insolvent entities have to enter bankruptcy proceedings: Guangzhou, Beijing, Shanghai, and Shenzhen.
2. Debt default cases increase, and mansions in the once prosperous area of Guangzhou are publicly auctioned online:
– Ali Auction
– JD Auctions
4. The China’s economic recovery from CCP virus widens the wealth gap
6. The value of CCP technology stocks need to be re-evaluated after taking political factors into consideration: Financial Times, Technology Code Network.
By: CPA Jim
【G-Translators · Financial Law Group】
+4
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[…] controversial given plenty of failed debts execution cases and abundant of collaterals selloffs via court execution in 2020 and severe macroeconomic situation after covid19 outbreak, its business and IFRS 9 […]
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