Too big to turn. Too big to fail?
Remember those huge ghost cities that popped up all over China, even as far back as 2010? They were "investments" that never paid an income, and were people's pensions. People relied soled on capital growth.
Now the plates have stopped spinning. Evergrande has a bong payment due this Thursday. They is speculation that it will default.
The ticker symbol is 3333.HK. The Chinese are highly superstitious with numbers. 3 being "birth".
https://www.youtube.com/watch?v=FTVxMyGBW48
^ People have invested all their savings and borrowed also. Some have lost millions.
