Hong Kong court orders Evergrande liquidation:How Xi’s policies sent Chinese property giant belly up
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- čas přidán 30. 01. 2024
- A court in Hong Kong has ordered the liquidation of debt-ridden Evergrande. In Episode 839 of Cut The Clutter, first published on 21 September 2021, Editor-in-Chief Shekhar Gupta explains how Xi Jinping's policies proved to be Chinese property giant’s undoing.
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Recruiting interns who work for the low, throwing in some riveting lectures, and gently nudging viewers to open their wallets for premium subscriptions - because who needs money anyway?
I'm an international viewer from the US, I have been trying to subscribe using both both credit and debit cards but the payment doesn't go through. Could you kindly look into this if you are receiving similar complaints?
Chinese middle class has invested heavily in real estate to speculate using leverage. Imagine how much pain those families would be in!
The middle class is not allowed to speculate.
They shouldn't have been greedy, now they are the ones who should know the consequences.
“The RBI had earlier stated that one corporate group should not be given more than, Rs10000 cr loan. Though RBI is keeping its eyes closed, the banks should take serious note and not lend Rs.2.27 lakh crore to one company, even if it is the blue-eyed boy of the Prime Minister. The risk is simply too high!”
- Thomas Franco, former General Secretary of All India Bank Officers’ Confederation
This is not updated info adani debt has significantly reduced and this figure is from past year and even then only 32 percent was from indian bank.
As long as they have assets to back that loan, it doesn't matter.
Thomas Sir, as you have addressed yourself as former General secretary, I assume you have retired from your services. Sir, had you been watchful about blue eyes boys in the same manner when you were in services, as you are now, you would have done a great help to the society. Peoples money lying in the banks have been used and misused at all times, be it Mr Harshad Mehta, Mr.Ketan Parekh, Mr.Raju of Satyam, and many more. The only difference now is the blue eyed boy now is from a different ideology than yours.
@@rajx7120 Assets are things they bought from previous loans 🤣🤣 Are you guys stupid.
Lmfao, go and check debt on reliance group. It is 1.5x of adani debt.😂😂
Quite ingenious how Mr. Guptha mentions Ambani/Adani without mentioning the Sun Network
Except BJP all local parties and congress as far as I know own media and so many corporations. I don't know who these try to fool in this day and age
@@indian9632 it's never about fooling. It's always about creating optics & the generation of people who read is go8gn away & most youngsters either watch CZcams/Tiktok/Instagram or make up opinions based on headlines & that's what fence sitters rely on.
Gupta gandu can’t mention his sponsors
Unbelievable but true, always obsessed with the 2 As. He will never talk about National Herald fraud...he thinks we are all stupid.
He's too smart by half...
The old SG is lurking right beneath the more palatable neutral image him and his sidekicks are trying to craft.
This is very late for this topic
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It’s not $50 billion, was $240 billion. Some estimates $350 billion
Hi Shekhar. What disappoints and annoys me the most is previous versions of Cut the Cutter posted again with minor edits and changes.
Not all episodes posted everyday are of my interest but I still do take out the time to watch them.
Reposting old episodes is not done - am sorry, I might as well not have a new episode if there is nothing newsworthy or you are traveling or any other valid reason.
I'm sorry you feel this way, my friend, but I respect your point of view. It is always our endeavour to publish a fresh episode. Thank you for supporting our journalism, and do keep watching...best wishes, Shekhar
@18:22 "Next year, .. in 2022.. "" -- Old Movie Alert !!
Not sure IL&FS is a similar case. They went under because their customers did not pay or pay on time and in almost all the cases the defaulting party was the government. In a way the govt brought them down.
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Dear Ranganathan,
Thank you for supporting ThePrint.
Very well explained
Why are you sending old videos?
Very well written summary of the China situation, insufficient infographics however....
This could trigger a movement for democracy in China? A follow up episode would be good.
China has 1.5B units of appt/houses unoccupied.
Such a waste. Imagine if India or USA had surplus housing.
@@cuckoonut1208 China is a huge country, many people own one apartment in the beach ( South China Sea), and another at homeland (such as NorthEast). Actually, many American/ Canadian also own more houses here and there.
Thanks for the contens. Small contribution done
@ 17.40 2004 tsunami was near Indonesia not Japan
Dont you think you are reposting your old videos way more frequently now? Once in a while it's fine. But not every other day.
Bored ass, ADHD individual here.
At least mention that it is old on the screen.
What I like about Print is their objectivity without getting into the morality of the subject, which is very much a lost thing these days. Just cold, hard and pure facts. Unlike other media houses, they don't mix up opinion with news, they have done a job in keeping both of them separate. I subscribed just for these.
Nationalism, populism, religion and ideology 😮 SG you need to unclutter this for our country as well. How government (s) is/are using this and if this tends towards dictatorship on the spectrum between democracy-dictatorship. Furthermore, I would like to hear your thoughts on what it reflects about society when religion/caste dictates it and states and politicians use it to rule it?
There is a whole subject to be told and explained, perhaps the time for that story has not yet arrived!
I imagine a society where people question rather than follow and question the fundamentals not just the surfaces. Where decent is taken as a way to refine the ideas. Where questioning is encouraged not suppressed. The consciousness of society speaks by its choice of government and leads the world to another level of democracy. Where Intellectual freedom becomes synonymous with democracy. I would love to hear your thoughts on what you imagine the highest form of democracy can be and whether you think India is going towards it or against it.
Sir please correct 300 billion means 22.2 lakh crore. I get confused and recheck it.
There are higher orders of magnitude beyond the crore like the nil that you aren't even using
2.2 trillion rupees? Makes no sense to an average Indian. Have not heard any western media use lakhs and crores to measure amount USD/Euro/GBP
Hope you do know that there are Indian orders of magnitude beyond the crore like the nil that even indians don't use
The everglades business was bankrupt 3 years ago, nothing new. China has built its own quantum computer, when it went online it was American users who used it most.
Is this an old CTC being republished? They didn’t even say it’s a re-publishing..
07:40 : Tata and Biocon own the print also 😀
We should not move
swiftly like China as far as
development is concerned.
Chinese economy share in
global economy is declining
as per data.We in India should
move like Elephant as it will
not cause fatigue in our people
and that growth will be permanent and reach to the last person
You can see Gupta weeping to talk about his country China suffering.
I pay … I pay … I pay … love this channel and truly believe that good journalism has to be paid for … keep the good work going Mr Gupta … would love to see some global interviews on politics … economy … justice …Wars … for example an interview with Jon Stewart or John Oliver to start with … Jon Stewart is restarting his “late show” from Feb 12th and is probably the best candidate that the democrats can field for this year elections …
Thank you so much for the kind words, my friend, and for appreciating and supporting our journalism. Thank you also for your suggestions, all excellent ones. Do keep watching and reading ThePrint...best wishes, Shekhar
@@ThePrintIndia kewl …
A very informative video. Please keep up the good work. Just one small observation...300 billion dollars is Rs. 22 lakh crores. By mistake it was shown as Rs. 2.2 lakh crore.
It's crucial for individuals and policymakers in India to stay vigilant, monitor developments closely.
India, as a consumer and producer of various commodities, could experience fluctuations in prices, impacting industries and consumers.
Tighter credit conditions could affect the ability of African and Asian countries to service their debts to Chinese creditors.
Adani is the evergrand of India
can we do one time donations as such.....kindly let me know..
Error : USD 300B is closer to 24 lakh crore vs 2.2 lakh crore indicated in the blurb at 8:39. Simple heuristic you might like to remember 1 billion. ~ 8000 crore ( or 8200 crore at 82 exchange rate)
He is just a news reader.... He don't understand concepts... 😅
SEKHAR SIR , XI XINGPING IS A TAG WHICH HOLDS CONTAINER ELEMENTS ALSO .
How can I contributing
During the Lehman crisis, the capitalist American government acted as a communist government and bailed it out. In the Evergrande crisis, the communist Chinese government served as a capitalist and let it sink. So SG should tell us if China is a more capitalist country than America is today? Should the right-wing BJP follow the Chinese capitalist model or the American one?
“Right-wing” bjp is as economically left wing as they come
@@ChakraVart1 lol
China is a communist country with capitalist economy whereas India is a democratic country with communist economy.
China is authoritarian regime which is essentially a right wing ideology of a single person / king ruling the entire population
USA and republic of India are domocracies and liberal governments .
@@sreenathgopinathan4002: The Chinese political system is based on Meritocracy. The leader is elected by over 3000 NPC members. Each of these NPC members is a highly qualified individual who has reached this position on Merit. They have higher IQ & EQ than most of our Parliamentarians. Last year, over 1.4 million Chinese tourists went abroad, and all returned to China. Would they do so if, as you said, it was an authoritarian regime? In India, over 7 lakh HNI gave up Indian Nationality.
Wonder what happens to all the Structured Notes sold against their stock in Singapore yet again a failure of big banks and their Due Diligence
According to the Organization for Economic Cooperation and Development (OECD), 21% of the share of global VC investment in 2020 (most recent compilation) went into AI, an estimated $75 billion.
The United States and China attracted more than 80% of that global total - Who says there’s no AI war going on? - followed by the EU at 4% (mostly Germany and France), and then the UK and Israel at 3% each.
You fall forwards, not backwords......🙂
$300 billion=22 lacs crore rupees
Actually the steel companies' stocks were hit because they fear that due to Chinese domestic steel demand slowdown Chinese steel companies will start dumping in India and thus reduce prices not because India is a big exporter...
Over 30,000 home buyers would love to get possession of their apartments from Jaypee in Noida. But the right-wing BJP government has done nothing in 10 years to help them. I wonder if these families will vote for BJP in the coming elections? Is Modani Nuts?
220 lakh crore
Why this old news is in my timeline ??
Is India is also staring at this stark reality. When you don't have employment and assets creation and how to pay emi for housing loan.
How come a company with 50 billion dollar valuation get loan of 300 billion dollars????
With certain time period
@@Exam_Updates11 Yes I understand accumulation of interests and other charges. But warnings should have started a lot earlier and regulatory authorities +banks+lenders should have stepped in to prevent that much accumulation of debt.
I would rather appreciate no posts at all than reposts of videos from 3 years ago
True
Can you see Peter Zeihan’s discussion on the Chinese demographic challenges?
one thing to look out for is how & if mainland china executes this liquidation order (Which will have wider implication for Xi, as it may create a domino effect for other infra companies in the same situation), On the other hand if this is not implemented foreign investors may loose faith in the Chinese system.
300 bilion dollar=24 lakh crore
8:21
Coming prosperity is well on its way to becoming common poverty.
Economists always talk only after the event is over.
2. Which Govt Centre or State or RBI or SBI / HDFC etc talk about before the event ????
I think Chinese doing good by controlling their companies. They know the long terms effects and not focus short time gain. If we look Americans world biggest economy so many people are homeless and so much poverty. Private defence companies and contractors became a weapon lobby and dont want to happen peace anywhere in the world.
Ok subscribed… jeez man
Sg, excellent as always. Chinese real estate market contributes 35% GDP can imagine the repercussions in next 10 years
Thank you, my friend. I'm glad you liked this episode...best wishes, Shekhar
🔕
Is it unfair to expect at least one like this from Tayyip Erdoğan's world as well?
6:02 ONLY 2%？？？ so， not a big deal to China
Mai like karta but mujhe the wire or quint ke video suggestion.me ayege wo mujhe pasand nahi shekhar Gupta ka hi video accha lagta hai bus
Shekar ji, This is coming from someone who has not taken paid subscription. And is willing to take it. Yet a thought in my mind. This is not a donation hello yes, i agree. However, if in any way the print subscription or in case any news channel for that matter can be tagged to 80g exempted. It would be great.
I work for a company that is actually managed by the Trust, so in a way if i donate to my own company trust it is actually tax detectable for me. my donations are reflected in my pay slip as well. If there is any legal chance do consider the same Shekar ji. morality can always be debated, practicality and legality always wins.
Recruiting interns who work for the low, throwing in some riveting lectures, and gently nudging viewers to open their wallets for premium subscriptions - because who needs money anyway ?
What goes of our pops😂
Subtle dig at Ambani, adani as predicting they also might go bankrupt will not help ur channel
Common prosperity in hindi means sabka saath sabka vikas
Chinese economic Melt down will favour the Indian Voters to vote for Strong Nationalist Party than opt for a cocktail which will create a mess in the Centre ;
Nationalisation by another name…
Did I see the tweet day as 2021, and xi for a new term in 2022?
Yes, these guys have republished an old CTC without mentioning it.. cheaters..
Next year 2022....eartquake in japan.....Signs of aging in SG.😅.This is not the First time.😅
This is cheating.. why do you keep on sharing the same videos published earlier. Please don't do that
Shekhar Ji evergrande group Chinese super league ka club bhi own krta tha club ko dissolve kr dia ek episode Karo Chinese super league or xi jinping's madness😂
Bad
Next episode : Imran Khan and his wife Bushra Bibi have been jailed for 14 years
Madmax China top leader
I personally prefer to press x if it is a feature to read news stories before the paywall loads. Everyone needs to make a living but people shouldn't be deprived knowledge due to poverty. Giving back to what gives to you is important but if you arn't getting why give?
Too many old stories repeated lately 😞
You can block me for what am I going to say. I will take subscription , the day Prints journalism really becomes unhyphenated. Mostly, it's an advisory chennel for Congress and opposition who ironically don't listen to it.😂.
But I must admit, it has moved away a bit from LeLi days.
Greedy Chinese. Remember 2008 and the narrative about the Greed.
Do you think you have self respect by doing chamcha giri of Khangress? 😅
I've been to Guangzhou recently and I observed peacefulness, cleanliness, sophistication & wide public spaces. Most of the vehicles were electric and made no sound not even honking. I don't see India getting there ..ever, its not in the genes.
I don’t agree. But here we are speaking on another topic.
Peacefulness cleanliness and sophistication comes automatically when one becomes richer. It will happen in india too
@@ParthPant25i visited china in the 1990s, as poor as india, but the towns were clean.
You prepared a meal for dinner. In the meantime yourneighbour watched a video and came to your place and ate half of your dinner saying all are equal .
Now you want communism or capitalism?
Until you get rid of Malhotra and vir sanghvi, I will not subscribe, too many anti Hindu people in your group, too many Modi haters
Sir look in the mirror .what about our housing market bubble? Its getting crazy 😂
@ 3:35 you are already a paid journalist with one sided presentation from u and from print...Still begging😢
Guptaji now u can compare Modi policies and Xi policues too.. please atleast attempt it
as NE Indian I truly hope we can have Chinese passport in our own homelands. because Chinese minimum wages is ten times higher than Indian's. who could blame us for what NE people thinking? prosperty is ultimate goal for our NE people to seek for. sick minded nationalism and brainswashing have to be stopped.
Story sound similar to our sher who drastically demonetised, unscientifically lockdown whole country resulted in decrease in economic activity, development, unemployment.......🙏😂😂😂😂😂
The whole scientific community was preaching for lockdowns and if listening to them is wrong to you, you should first stop using scientific stuff in your life. Grow some brain cells man
@@indian9632 name the scientific committee or scientist who recommended......🙏🙏🙏
India's Evergrande moment is the HUGE youth unemployment issue. Government is trying to divert attention with unnecessary religious agendas, one after another instead of working on skilling the youth.
So you think unemployment in India is because of low skills ?? This is the dumbest explanation ... Industry comes because of many fundamental reasons of which skilled workers are just one... Cost and ease of getting Land, Labour laws , Industrial Infra like reliable affordable power & water etc. , logistics, cost of capital and compliances , Tax & other regulations are much more critical... India is finally starting to get its act together on this and it will show results in the next 5 years for sure..
@@0609Bhuwan
Had promised 5 Trillion economy in 2022.
Feeding Jumlas & Religion will not take our Nation ahead..
We gave congress 60 years and they failed us and now we give BJP 60 years and see where they take the country. So far they are doing well. Religion is part of Hindu culture very much.
BJP have given people like MP Brij Bushan 😂
Modani is leading India towards a Putin-Russia form of democracy.
Dude there's a vote and EvM manipulation crisis in yiur own country
Get better glasses, you seem blind
There is zero democracy in your country first worry about that
ہا ہا ہا ❤️
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