Evergrande, the Chinese real estate giant, is on the verge of bankruptcy. Crushed by liabilities of nearly 260 billion euros (equivalent to the public debt of Portugal), Evergrande has admitted that it can no longer meet its obligations.
Last June, the Chinese regulatory authority decided to clean up the real estate market by prohibiting the sale of a property where work is in progress. For years, Evergrande had been financing its growth by using the deposits of its buyers… Moreover, the major international rating agencies have significantly lowered the company’s rating, making it almost impossible to use credit.
Only the Chinese state can save Evergrande today.
It will do so because 4 million jobs are threatened, but above all because China’s image and economic credibility are threatened internationally.
Source : franceinfo
The Meadows report in 1972 or the scientific study entitled “The Planetary Limits” (2009) already pointed to an imminent danger for humanity. The latest report of the IPCC (Intergovernmental Panel on Climate Change) released in 2021 indicates that the current trajectory of global warming is between 4 and 5 ° C compared to the pre-industrial era for 2100. A catastrophic scenario that could make the Earth unlivable in a large part of the world or even everywhere!
The “survivalist billionaires” are a perfect representation of the egoism of the elites who continue to make colossal profits (based on soil predation and excessive consumption) while knowing the consequences on the climate.
Source : Le réveil citoyen
Another slap in the face for France and Europe!
The Australian fiasco teaches us something else: our allies have fewer scruples than we do about transferring their technologies. France has always refrained from exporting its nuclear-powered ships, because it sees them as the key to its independence and know-how. By agreeing to share theirs with the Australians, the Americans are lifting a major taboo.
This is a reversal of a strategic alliance that Paris did not see coming. But it is confirmation that Washington is on all fronts to counter China.
Source : Les Echos
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