Is China About To Crash The Markets?

[WARFAB]

People have been warning about China's crazy empty cities for at least 10 years. Is the Chinese real estate nonsense about to blow up global financial markets?

https://www.reuters.com/world/china/...ks-2021-09-20/

Give it a few more years and this kind of craziness will give me more heartburn than it does now. Maybe I'm just in denial about my age and it should be giving me more heartburn now.

[usmcveteran]

Others are saying we've been due a correction. Who knows but I agree markets should be tanking soon and when if they do take advantage and buy low

[WARFAB]

After the 2008 financial crisis, the US government bailed out US financial institutions that had made lots of mistakes. Now the question is whether China will bail out Evergrande and any Chinese companies that made similar mistakes. If they do not, the Chinese economy may end up operating closer to market capitalism than the US economy.