As I set out in The Fall of the Communist Dynasty, and a HT to John Hempton’s piece within which he contends that the entire Chinese economy is a Kleptocracy , this week we have news from Citron Research who reports that  Evergrande Real Estate Group Ltd is 'a deception on a grande scale' . Citron quote ;- ‘Evergrande who ranks among the top 5 Chinese property companies. Our analysis and primary research reveal that: 1] Evergrande is insolvent; and  2] Evergrande will be severely challenged fro More

3 Flattr microdonations from 3 people

  1. Alias Alias
  2. cmcginty_deleted cmcgint...
  3. +1 others