I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
Home prices will come down eventually, but for now; its best to offset some of your real estate investments and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalises. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
Finding financial advisors like Melissa Terri Swayne’ who can assist you on things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thank you for this tip. it was easy to find your coach on Google, Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
@@jetaber bit of a difference, one had corrupt bankers giving out loans for existing homes/properties that shouldn't of been given out in the first place but because it made millions in premiums (greed) , the other doesnt have an asset at the end on the paper trail.
It's not entirely without pay. The logic is that they get a percentage or set amount every month and at the end of an agreed time, they get the rest + bonus. This is why people continue to work, for that extra amount because at some point, you don't want to cut your losses.
@@BLACKAAROW I might, maybe, wait for 2 months if there is some kind of reasonable explanation. But two years? Come on, that means you haven't had a job in two years. I can't really understand the mindset of continuing to work for two years without pay. Sunk cost fallacy maybe? Well, they're never going to see that back pay.
This is the third, Country Garden(Suspended stock trading since April 2024) was the second Evergrande. Well Country Garden is even bigger then Evergrande.
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
The CCP Courts have judges that are corrupt. Being a Marchen judge can be profitable. Only that CCP China would never allow someone like Marchen to be a judge since he was born a citizen of Columbia and not a natural Chinese citizen.
Hear about dark stories of China and South korea. They both are dystopias. Remember how USSR looked mighty back in the day? Now documents show how hollow it was. Everything was done to show off.
That's right it's called corruption and it starts from the top but who were these men in black uniforms asking the people to stop recording the CCP is just straight up evil
No escrow process to stop this type of sale that becomes fraudulent once the part of the money spent exceeds the builder's Margin (the part of the payment that is the profit) and now encroaches on the Hard Costs (the part of the payment used for actual construction costs). Apparently, the chinese companies treated all the money paid as a pool of money for everyone to feed like pigs at a food trough (pseudo Ponzi scheme).
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
Because unironically this shit smells of 2008 capitalist version, or 1989 version. Not all things bad are "communist". Theres many reasons to believe CCP is communist (its in the name), this, if anything, can be argued that they strayed too far from their ideal to the other side.
this is a private corporation, just like how Boeing killing whistleblowers doesn’t represent the US government. But cases like this in China always result in reclaimed funds or executions of leadership unless they flee abroad in time. The government opposes this and kills people for it. People are just greedy af
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
The money spent on fighter jet fuel harassing Taiwanese air space every day can pay workers and give these poor workers some money to buy meats for Chinese new year celebrations. The money Chinese government spreading around Africa and South America continents can take care of most unemployed Chinese workers during their hardships. But then 5000 years of Chinese culture and traditions tell people that only rich and powerful people matter. Majority of Chinese are treated like work ox and horse , clearly not deemed as fellow countrymen. Five thousand years old Chinese culture and traditions continues and never changed a bit regardless of what political system.
@@OrionTheta1 Many immigrants came to America with nothing but in few years they have homes and jobs. That’s why so many foreigners flock to America. If you are in the 48 %, it does not mean you will be there forever. Bill Gates was not born billionaire neither was Elon Musk.
More like 3500 years. Less, if you consider how much their culture has changed over the years. Remember that the oldest Greek texts are older than the oldest Chinese texts…
I don't get paid for more than a month, I'm walking out. Why would they stay so long without pay??? They only let their employers keep stringing them along, but if people would walk out enmasse, that would be a wake up call for the owners.
Massive surplus of workers. Same problem with interns in Europe (imported problem in Australia as well). If you don't want to gain skills as an unpaid intern, get lost or we will call the cops on you. Thats capitalism for workers everywhere!
@sumotony Dan Andrews was elected in November 2014, his first actions in 2015 were 1/ cancel the northern tunnel project, 2/ authorize PORT (non vicpol "police") then while announcing the alternative infrastructure projects, allowing 100% ownership of all contractors involved to be Chinese.
I think this was a mis-translation. Work was done two years ago, and never paid. The video makes it appear these people have been working all that time for free, but I think they have simply lost the pay for a period of time from two years ago.
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
He emulates chairman Mao...he also had completely rotten teeth and his dental care consisted only of rinsing his mouth with tea. He must have smelled terrible...and when someone asked about it at some point, his answer was supposed to be 'A tiger does not brush its teeth.'
Most indebted if you go by debt to GDP ratio (taking into account all the debt hidden with local authorities). That is even using their official GDP figures, not the actual figures...
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
I am from Poland, and I am amazed at how easily Americans were deceived into thinking that China is freer than the USA. If there is communism, there is no freedom. We in Poland know this well, as we remember what it was like under communist occupation. Communism will always break down - the Chinese edition just needed a few more decades.
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
Why would anyone keep working for 2 years without getting paid? A month or two at max if the company is struggling but these people seem to just accept that they are slaves. If you work for multiple months without getting paid you are showing them they dont need to pay you. Why would they, all they need to do is say " ah sorry, next month" and they have a free slave workforce for another month.
No one says that. It just does not have the same problems at the same scales that America has. If this was the U.S. these guys would be homeless and drug addicted and forgotten. Instead they have social security and have enough safety net to survive for 2 years without wages. Can you say the same for the average American?
So, if the buyers paid down payments and have been paying mortgages, and the workers, contractors and vendors haven't been paid... Who is taking the mortgage money that the buyers are forced to pay? Those are the people who are stealing the money, so those are the ones who should be punished, even if it's a state-owned bank that's taking the money.
OTOH, if it's a ponzi scheme - if the mortgage payments are being diverted in order to cover previous debts - then Vanke management and ownership is at fault and should be dealt with.
My understanding is that the mortgage was taken out from a bank/lending agency, and is owed by the buyer. Vanke owes the buyer a completed unit, but has no relation with the bank. But one would think that the unit was the collateral for the loan. I don’t know Chinese law. Under British common law, the buyer could default, and the bank foreclose on the unit. But if the unit is vaporware, the bank is screwed. This would result in seizure of the construction company by the banks.
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
I like your picks, but these coins are already long in the market. I only invest into presales or private sales to get the best position. Adaxum has presale now, and now is the time to ape in.
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
If you have not been paid in 2 years, and you still working there. You are a slave, that what people do when they work for free. If its been two years I doubt you will get anything now.
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
Don't worry, state owned enterprises will takeover the company. Debt that are denominated in foreign currency will be paid in full, albeit the possibility of deferred payment. The General Secretary will not want to lose face in front of western financiers on this issue. As for the company's other investment products, properties, stocks and commercial papers, stay as far away as possible. The chance of ordinary people to make money of these products is no higher than that of buying a lottery ticket.
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
If it goes bankrupt and out of business the people and businesses it owes money to will never be paid. It might be worth considering for the government to pay its employees the money they are owed and to try completing some of the buildings that need doors , windows, sewerage, electricity, water, carpet and working elevators. The buildings will definitely need windows to keep the weather and rain out , working elevators, and working sewerage and water for people to live in them. That work is done by tradespeople. Ideally the windows are properly secured so they do not fall out and are of a good quality so they can last at least 10 to 20 years. Better to focus on completing one or 2 buildings at a time so they are more likely to be finished. Not a good idea to choose windows that are not durable enough to withstand strong winds and storms or that have sliding panels that can pop out and fall to the ground destroying anything they hit. Thicker glass and metal frames are more likely to be durable than flimsy, bendy ones that are totally unsuitable for multistory buildings and selfdestruct in storms.😊
If the desired windows 🪟 are going to be to heavy and awkward to get up onto higher floors of multistory buildings, then smaller windows might be brought up in working elevators to be installed and bolted together in the window holes of the buildings rather than being walked up five to 30 floors with extreme difficulty to be smashed and damaged being accidentally hit into walls trying to get them up into the building using staircases trying not to destroy them before they get to the rooms they are going to be installed in. Recently my wife was given an expensive cupboard display case possibly worth $1200 to $1400 for free. All that had to happen was that I had to shift it out of an old ladies unit. It was free because it seemingly weighs as much as a steel reinforced concrete wall. I managed to get it into its new place to stay. Shifting it was like trying to tear out the tendons in my wrists and arms and giving myself spinal damage. Its new home when the wife leaves is where it is, a big skip bin, or to be pulled apart by me to get the large mirror and glass panel front doors out of it if no one nearby wants it. As in it is worth money, but like trying to shift a solid concrete box to move it anywhere.
@@brettcrawford8878 enjoyed your comment on your comment, windows are important especially good ones, hopefully thats all it will take to save china from bankruptcy. I have good windows in my building they are really really great and heavy.
I don't understand how people can 'live' if they haven't been paid for 2 years. Is this in addition to some sort of Chinese state pension that automatically gets paid or something?
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
I feel for this people, they work hard in the sense that they are going to be paid. This is cheating. Why do they wait this long if they didn’t get their paycheck after 3 months. Quit immediately.
It is not a good sign when the company you work for can't afford to cut its lawn and its CEO can't afford a decent set of dentures or implants. What amasses me is who gave these people the idea that protesting will get them anywhere or anything? Has this ever had the desired affect in China before? We don't see this in the UK simply because if the workers don't get paid they don't turn up on Monday or certainly not by Tuesday. British banks are told that they have a duty to make sure the workers get paid if at all possible. Therefore if the wages don't turn up, there is little point in protesting as it is already far too late.
I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
Home prices will come down eventually, but for now; its best to offset some of your real estate investments and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalises. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
Finding financial advisors like Melissa Terri Swayne’ who can assist you on things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thank you for this tip. it was easy to find your coach on Google, Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Chinese knock-off of the 2008 real estate crisis
But in a surprise twist, they are doing 2008 way better than the west.
@@jetaberLOL?
@@jetaber😂😂😂😂😂😂😂😂
@@jetaber Crazy how people are defaulting on homes that doesn't even exist.
And they still can't default due to Chinese laws prohibiting bankruptcies.
@@jetaber bit of a difference, one had corrupt bankers giving out loans for existing homes/properties that shouldn't of been given out in the first place but because it made millions in premiums (greed) , the other doesnt have an asset at the end on the paper trail.
Rise up People of China
Vanke: “We are bankrupt! Hurry, pay ourselves! Leave none to the low wage labor workers!!”
Dang, not being paid for 2 years!
If one paycheck gets delayed I’m gone! 😤
It's not entirely without pay. The logic is that they get a percentage or set amount every month and at the end of an agreed time, they get the rest + bonus. This is why people continue to work, for that extra amount because at some point, you don't want to cut your losses.
@@Sarcasteak And so what happen? I guess they NEVER get paid after all.
@@BLACKAAROW I might, maybe, wait for 2 months if there is some kind of reasonable explanation. But two years? Come on, that means you haven't had a job in two years. I can't really understand the mindset of continuing to work for two years without pay. Sunk cost fallacy maybe? Well, they're never going to see that back pay.
even some of their civil servants are not paid for months where they need to take loans to survive hoping their gov pays them soon.
This is the third, Country Garden(Suspended stock trading since April 2024) was the second Evergrande. Well Country Garden is even bigger then Evergrande.
How can a company be allowed to use people as literal slaves for two YEARS!?
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
Only in communist china and North Korea.
Apparently Chyna is better than the USA 😂😂😂
The CCP Courts have judges that are corrupt. Being a Marchen judge can be profitable. Only that CCP China would never allow someone like Marchen to be a judge since he was born a citizen of Columbia and not a natural Chinese citizen.
Hear about dark stories of China and South korea. They both are dystopias. Remember how USSR looked mighty back in the day? Now documents show how hollow it was. Everything was done to show off.
China: workers paradise
You misspelled slavery.
The rotten teeth of the CEO are part of the face of the CCP.
It's called CORRUPTION.!
It's called communist red China
They steal and buy bitcoin. It has surpassed $100,000 per Bitcoin due to a surge in Demand from Chinese CEOs migrating.
Because some are ONLY TALK but HAVING SEXY WIFE, so other do not follow lazy husband. FAT MAN are trouble, FAT MAN but having SEXY WIFE, disaster.
That's right it's called corruption and it starts from the top but who were these men in black uniforms asking the people to stop recording the CCP is just straight up evil
No escrow process to stop this type of sale that becomes fraudulent once the part of the money spent exceeds the builder's Margin (the part of the payment that is the profit) and now encroaches on the Hard Costs (the part of the payment used for actual construction costs). Apparently, the chinese companies treated all the money paid as a pool of money for everyone to feed like pigs at a food trough (pseudo Ponzi scheme).
Thanks to this incompetence, China was rejected from joining CCTPP. I thank you for getting rejected, pls keep up the good work, China.
Oh I thought Rednote said they were better than America
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
This is bs propaganda against China
What? The Little Pinks were lying? 😮
the pinks are comparing the worst part of America with the best part of China
Elites always have it better, no matter the country or government
The equity in the properties would evaporate but the debt incurred for the investment will not go away.
But I thought Chinese citizens were doing better than everyone else.
🤣🤣🤣🤣🤣😂😂😂😂😂😂
Gives tiktok a new meaning 😆
u thought, he say, who confirm?
🤣🤣🤣🤣🤣🤣🤣🤣JOKER!
Because some are ONLY TALK but HAVING SEXY WIFE, so other do not follow lazy husband.
And people still claim that the CCP is not comunist. How?
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
The CCP is not really communism. It’s more a dictatorship with elements of a planned market economy.
Because they aren’t fully communist, they steal bits from pretty much everything but mostly they’re an authoritarian regime.
Because unironically this shit smells of 2008 capitalist version, or 1989 version. Not all things bad are "communist". Theres many reasons to believe CCP is communist (its in the name), this, if anything, can be argued that they strayed too far from their ideal to the other side.
this is a private corporation, just like how Boeing killing whistleblowers doesn’t represent the US government. But cases like this in China always result in reclaimed funds or executions of leadership unless they flee abroad in time. The government opposes this and kills people for it. People are just greedy af
But online Chinese claims that they are superpower!
Well, you know everything is larger on the internet.😃
@obsideon1343 They live in Dululu world.
And the fake paper walls come tumbling down!
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
@@arionodhanislol
The money spent on fighter jet fuel harassing Taiwanese air space every day can pay workers and give these poor workers some money to buy meats for Chinese new year celebrations. The money Chinese government spreading around Africa and South America continents can take care of most unemployed Chinese workers during their hardships. But then 5000 years of Chinese culture and traditions tell people that only rich and powerful people matter. Majority of Chinese are treated like work ox and horse , clearly not deemed as fellow countrymen. Five thousand years old Chinese culture and traditions continues and never changed a bit regardless of what political system.
Today Jan.20, 2025 you can add "America" to the list of countries that "tell 48.5% of their people that only the rich and powerful matter." :(
@@OrionTheta1 Many immigrants came to America with nothing but in few years they have homes and jobs. That’s why so many foreigners flock to America. If you are in the 48 %, it does not mean you will be there forever. Bill Gates was not born billionaire neither was Elon Musk.
More like 3500 years. Less, if you consider how much their culture has changed over the years. Remember that the oldest Greek texts are older than the oldest Chinese texts…
@@OrionTheta1 The US does not have that many LGBTQ ; 48% ? Nah.
Sad for the REAL Workers
Because some are ONLY TALK but HAVING SEXY WIFE, so other do not follow lazy husband.
I don't get paid for more than a month, I'm walking out. Why would they stay so long without pay???
They only let their employers keep stringing them along, but if people would walk out enmasse, that would be a wake up call for the owners.
Massive surplus of workers. Same problem with interns in Europe (imported problem in Australia as well). If you don't want to gain skills as an unpaid intern, get lost or we will call the cops on you. Thats capitalism for workers everywhere!
If my wages an hour late into account am on phone complaining 🧐
@@sumotony China is a Capitalist country?
Meanwhile belt & road funded projects as far away as Australia & Africa are fully funded.
Australia doesn't have belt and Road projects, but we have too many mainland Chinese CCCP little pinks anyway.
@sumotony look into Victoria's tunnel projects, who owns the infrastructure builders.
@sumotony Dan Andrews was elected in November 2014, his first actions in 2015 were 1/ cancel the northern tunnel project, 2/ authorize PORT (non vicpol "police") then while announcing the alternative infrastructure projects, allowing 100% ownership of all contractors involved to be Chinese.
Fully funded, yet using Chinese workers, Chinese materials, and are falling apart.
Who’s foolish to take a morgage before the property is move in ready
Take CEO vanke to dentist first!
work for Mafia - get treated like a fool. Work for Chinese , get conned.
Working two years with out pay is mental.
Fake propaganda video
I think this was a mis-translation. Work was done two years ago, and never paid. The video makes it appear these people have been working all that time for free, but I think they have simply lost the pay for a period of time from two years ago.
Who waits for wages for 2 years?
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
Fake news
Sheep.
@@DK-gj5spCCP brainwashed drone!
Someone desperate with no prospect of getting another job.
My dude can't even afford to buy a toothbrush... @2:26
Is Mr. Zhu Jiusheng suffering from rotting front teeth? Is he unable to afford dental care?
He emulates chairman Mao...he also had completely rotten teeth and his dental care consisted only of rinsing his mouth with tea. He must have smelled terrible...and when someone asked about it at some point, his answer was supposed to be 'A tiger does not brush its teeth.'
I also noticed that. Must be a pleasure to talk too.
GOOD 🇺🇲
Wow, going bankrupt? Isn't China the 2nd richest country in the world?
The CCP has been lying to everyone for years.
Replace “richest “ with most indebted
Yeah.......So much for communist red China as the worlds 2nd largest economy.🤣🤣🤣🤣🤣😂😂😂😂😂
@basscannonjake1235 the most indebted country 🇺🇲
Most indebted if you go by debt to GDP ratio (taking into account all the debt hidden with local authorities). That is even using their official GDP figures, not the actual figures...
My heart goes out for the ordinary working people. Very sad to see no law protecting their hard earned income
They are ALL korrupt!
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
This is fake video
@@DK-gj5spThat is a true story and why you are denying it?
@@DK-gj5spI feel your pain as a Chinese yourself to hear all the negative news about China.
I am from Poland, and I am amazed at how easily Americans were deceived into thinking that China is freer than the USA. If there is communism, there is no freedom. We in Poland know this well, as we remember what it was like under communist occupation. Communism will always break down - the Chinese edition just needed a few more decades.
Gold tier bonuses look incredible! Adaxum is rewarding its loyal presale participants and early adopters well!
2:27. How can you trust someone with teeth like that.
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
I had a rich friend that would let his teeth rot. Fn weird!
You would think that the amount of money this guy was embezzling he would have been able to afford to look after his teeth...
That's from years of smoking. Of course he'd have had his teeth extracted and get implants.
Only in China !
Tofu dregs ,also only in china.
Why would anyone keep working for 2 years without getting paid? A month or two at max if the company is struggling but these people seem to just accept that they are slaves. If you work for multiple months without getting paid you are showing them they dont need to pay you. Why would they, all they need to do is say " ah sorry, next month" and they have a free slave workforce for another month.
But according to people on RedNote, the China has no problems....
😂😂😂
As well as Rednote sheep's cannot confirm, that majority of citizens are receiving less then 145$ per month.
No one says that. It just does not have the same problems at the same scales that America has. If this was the U.S. these guys would be homeless and drug addicted and forgotten. Instead they have social security and have enough safety net to survive for 2 years without wages. Can you say the same for the average American?
Vanke specialize in building Potemkin Villages in Western Taiwan.
So, if the buyers paid down payments and have been paying mortgages, and the workers, contractors and vendors haven't been paid... Who is taking the mortgage money that the buyers are forced to pay? Those are the people who are stealing the money, so those are the ones who should be punished, even if it's a state-owned bank that's taking the money.
OTOH, if it's a ponzi scheme - if the mortgage payments are being diverted in order to cover previous debts - then Vanke management and ownership is at fault and should be dealt with.
My understanding is that the mortgage was taken out from a bank/lending agency, and is owed by the buyer. Vanke owes the buyer a completed unit, but has no relation with the bank. But one would think that the unit was the collateral for the loan. I don’t know Chinese law. Under British common law, the buyer could default, and the bank foreclose on the unit. But if the unit is vaporware, the bank is screwed. This would result in seizure of the construction company by the banks.
not worth saving, It's better to save the banks directly than to save Vanke
The buyback will only spread the loss over a longer period to make it less painful for the time being
Vankers.
Replace the V with a W..
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
@@arionodhanisCut that out.
😂
The roadmap for Adaxum is super ambitious. If they can deliver on even half of it, we’re in for a massive ride. ADX to the moon?
The Dictator she jing ping has plenty of yuan to give to the citizens
Xi, not She.
Thank you for the video. Very interesting.
TOFU DREG 😂😂😂
2:27 You would think that the amount of money this guy was embezzling he would have been able to afford to look after his teeth...
How do people live if they are not getting paid? It always baffles me , as I live week to week money wise, so I just can’t imagine it ….
Sounds like slave labor.
These protestors are brave people
Grow a pair.. they're good for you 👀
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
The V in Van Ke is actually a W, as in WanKe, and you can put an "r" on the end if you say it in Tianjin accent.
Are you sayin the Chinese economy is having a terrible downward SLOPE 😂
Their economic plan seems to be full of chinks
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
I like your picks, but these coins are already long in the market. I only invest into presales or private sales to get the best position. Adaxum has presale now, and now is the time to ape in.
I'm sat here with the popcorn, ready to watch the implosion
Chinese are devoted workers, Americans would leave the first day they were not paid.
continue the great work idol
Do they pay the cops that beat the protesters?
Anyone know how is country garden doing ?
I think that garden if full of weeds still.
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
Worry about your next meal
If you have not been paid in 2 years, and you still working there. You are a slave, that what people do when they work for free. If its been two years I doubt you will get anything now.
How does a construction worker survive for two years without pay?
Chinese people meet Luigi. Luigi, Chinese people
We need more Luigi’s in this world
This is Big!!!
Something 🐠🐟🐟🐠 y happening in China 😮
Tofu drag destruction 🍯
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
CCP built for show, not what needed!
This is a big one.
It used to be called Wanke when I first came to China.
"creating an illusion of a healthy balance sheet".
Thank you buddy
The ADX presale is selling fast for a reason. People are really seeing the value in this project. Can’t wait to see what’s next for Adaxum.
So...where are the cops?
Don't worry, state owned enterprises will takeover the company. Debt that are denominated in foreign currency will be paid in full, albeit the possibility of deferred payment. The General Secretary will not want to lose face in front of western financiers on this issue. As for the company's other investment products, properties, stocks and commercial papers, stay as far away as possible. The chance of ordinary people to make money of these products is no higher than that of buying a lottery ticket.
Why are replies hidden?
Because RUclips
@@Ghekko-kw3zz also because RUclips is trying to be Pro China.
I can't unsee vanke ceo teeth
Alhamdulillah alhamdulillah p❤❤❤❤❤❤❤
It's too complex to detail all the dysfunctionality, but suffice to say, it's like a snake eating it's tail.
The American dynamic of success created by western civilization is not very easy to replicate around the world.
What Vankers pay your workers. 💸
Good news 😁
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
Get lost. And worry about your next meal
@@DK-gj5sp ahh DK, did he hurt your feelings? poor little diddums 😥
When was the last time the rocket forces got a paycheck?
If it goes bankrupt and out of business the people and businesses it owes money to will never be paid. It might be worth considering for the government to pay its employees the money they are owed and to try completing some of the buildings that need doors , windows, sewerage, electricity, water, carpet and working elevators. The buildings will definitely need windows to keep the weather and rain out , working elevators, and working sewerage and water for people to live in them. That work is done by tradespeople. Ideally the windows are properly secured so they do not fall out and are of a good quality so they can last at least 10 to 20 years. Better to focus on completing one or 2 buildings at a time so they are more likely to be finished. Not a good idea to choose windows that are not durable enough to withstand strong winds and storms or that have sliding panels that can pop out and fall to the ground destroying anything they hit. Thicker glass and metal frames are more likely to be durable than flimsy, bendy ones that are totally unsuitable for multistory buildings and selfdestruct in storms.😊
If the desired windows 🪟 are going to be to heavy and awkward to get up onto higher floors of multistory buildings, then smaller windows might be brought up in working elevators to be installed and bolted together in the window holes of the buildings rather than being walked up five to 30 floors with extreme difficulty to be smashed and damaged being accidentally hit into walls trying to get them up into the building using staircases trying not to destroy them before they get to the rooms they are going to be installed in. Recently my wife was given an expensive cupboard display case possibly worth $1200 to $1400 for free. All that had to happen was that I had to shift it out of an old ladies unit. It was free because it seemingly weighs as much as a steel reinforced concrete wall. I managed to get it into its new place to stay. Shifting it was like trying to tear out the tendons in my wrists and arms and giving myself spinal damage. Its new home when the wife leaves is where it is, a big skip bin, or to be pulled apart by me to get the large mirror and glass panel front doors out of it if no one nearby wants it. As in it is worth money, but like trying to shift a solid concrete box to move it anywhere.
@@brettcrawford8878 enjoyed your comment on your comment, windows are important especially good ones, hopefully thats all it will take to save china from bankruptcy. I have good windows in my building they are really really great and heavy.
Loaer and China hater clown
@normmaes3218 Thank you.
They shouldn’t get anything for building those subpar building that are worthless cause there unsafe
Sad for the people of China
What if I told you that Adaxum token ADX will crush most of the top tier coins by the end of the year?
I don't understand how people can 'live' if they haven't been paid for 2 years. Is this in addition to some sort of Chinese state pension that automatically gets paid or something?
Awaiting the impact of Adaxum on the crypto market. The presale is just the beginning of what promises to be a groundbreaking journey
It's pure prosperity 😂
How do you say “ponsi scheme” in Chinese?
Every time I watch your videos I feel depressed for them.
The supposedly best strongest developer Venke collasped in public. Lol 😂
Adaxum token + a Trump crypto pump = a recipe for massive gains. Don’t miss out!
Only 10 ppl?
dont care.
Because they reject Interracial Marriage, Al Maidah 27 between chinese women and black bangladesh united world at the same age, Qs Waqiah 37, Qoran, Islam Holly Book.
I feel for this people, they work hard in the sense that they are going to be paid. This is cheating. Why do they wait this long if they didn’t get their paycheck after 3 months. Quit immediately.
It is not a good sign when the company you work for can't afford to cut its lawn and its CEO can't afford a decent set of dentures or implants. What amasses me is who gave these people the idea that protesting will get them anywhere or anything? Has this ever had the desired affect in China before? We don't see this in the UK simply because if the workers don't get paid they don't turn up on Monday or certainly not by Tuesday.
British banks are told that they have a duty to make sure the workers get paid if at all possible. Therefore if the wages don't turn up, there is little point in protesting as it is already far too late.
Mr Zhu could pay for a dentist, goddamn
Free China
SOOOOOO SATISFYING 💯😂
👍👍
How are you 2-months ahead of the USA. Today’s January 29,2025🤔😉🤷♀️🇺🇸