Condor Resources Inc CNRIF

A symptom of China's economic problems

[Crashcomingsoon]

My Comment:  China has a huge debt problem and this house of cards will bring down the global economy.  Of course, the US also has a huge debt problem.  When will the dam break ?

Inside $100 billion ghost city with abandoned skyscrapers and empty malls (msn.com)
Excerpts:
A deserted beach, an empty children’s playground and closed shopping centres – this is the reality of a luxury estate left to rot. Originally intended as ‘a dream paradise for all mankind’, Forest City in southern Malaysia sounded like the perfect $100 billion (£80 billion) development 

Forest City is built on reclaimed land far away from the nearest major city of Johor Bahru. It started to be built by China’s largest property developer, Country Garden, in 2016 and was set to be home to one million residents

But although it was aimed at middle-class people, with the average apartment in the development retailing for $1.14 million (£905,000), the price was far out of reach for most Malaysians. The average sale price of a property in Johor Bahru is around $141,000 (£112,000), and the city is more accessible than Forest City, which requires a car to get around 

The metropolis was set to be eco-friendly and feature a golf course, waterpark, offices, bars, and restaurants. But now only 15% of the project has been completed, and only a few hundred people live in the tower

[Crashcomingsoon]

'Full Banking Collapse': China Worries Pile Up As Hedge Funder Sounds Alarm (msn.com) Excerpt: As the U.S. economy continued to show signs of strength, many investors remained concerned with China’s economic outlook. One hedge funder, Kyle Bass, said China was experiencing a “full banking system collapse” in a recent post on X.  Bass, who is the CIO of Hayman