nothing about the insolvency is transient, though. they don't really have a way to make their housing market rational. like, declining and rapidly aging population, and a supposed home ownership rate of ~90%. who do you sell houses to at this point?
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Get WeWork in there I'm sure they can open a few offices and get things sorted out
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I figured something like this would happen tbh. They poker-faced it pretty good but once Charlie Munger bought back into Alibaba and nearly doubled his position to over 300,000 shares and near 20% of his equity portfolio, it was clear the China fear was over.
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This story has been fascinating to me on a political economy level. How does an over levered real estate sector settle when the gov can pick an choose who gets stiffedpic.twitter.com/Av1i2pmH5B
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