Posted by Gongku > 2021-09-20 14:45 | Report Abuse

Thanks for the sharing!

Posted by MuttsInvestor > 2021-09-20 16:11 | Report Abuse

What a LOAD of $%#$#@#%@ . Evergrande is a BIG developer. It does NOT mean that THEY consume LOTS of Steel for Housing Construction. For your info... Houses in China are Reinforced Concrete Structure. With Infill Bricks. As such ONLY steel reinforcement (An expensive item)are for the Frame and Floor . A TYPICAL house of 1200ft2 consumes about 2.3 to 3.3 tonnes of steel. Assuming they have in construction 50,000 units per year. 50,000 x 2.8 t = 140,000t. Which is "Peanuts" of the Total steel production. Civil Works ( Highways, Railways. Power stations, etc ) are the Major Consumers of STEEL. NOT HOUSING !!!!!! There are People who are Professional QS who does such analysis. Info :- " Steel Production in China decreased to 86800 Thousand Tonnes in July from 93900 Thousand Tonnes in June of 2021" ... https://tradingeconomics.com/china/steel-production. ..... THUS ------ 140/ 86800 = 0.0016. Or 0.16% ( Peanuts !!! ) Wastage in Civil Works is already ~ 2 to 4% !!!!!!!!!!

Posted by Juliana > 2021-09-21 05:07 | Report Abuse

Good writing

Posted by sensonic > 2021-09-21 09:39 | Report Abuse

4464WB PHB-WB LIMIT DOWN. CAN BUY SOME ? SELL AT 1 CENTS WILL GAIN 100 %.

Posted by Stock Kingdom > 2021-09-21 17:53 | Report Abuse

When I saw below fellow said 50k units, I laugh until I fall under the chair.

MuttsInvestor said "Assuming they have in construction 50,000 units per year"

Judging from his statement, he has little tiny brain, period.

Here more reliable, a report released by CICC said "13mn housing units completed in 2013"

Report presented at the International Symposium on Housing and Financial Stability in China. Hosted by the Chinese University of Hong Kong, Shenzhen
Shenzhen, China─December 18-19, 2015

Posted by Stock Kingdom > 2021-09-21 17:55 | Report Abuse

Very good analysis, thanks for sharing

Posted by DickyMe3 > 2021-09-21 18:03 | Report Abuse

The reports are cooked up by IMF/WorldBank Chinese agents.

https://www.youtube.com/watch?v=10KrBjlpH_Q

Posted by Tobby > 2021-09-21 18:05 | Report Abuse

Don't believe US mainstream media! China is not US! Ccp will takeover if Evergrande indeed face trouble!

Posted by Beltland > 2021-09-21 19:00 | Report Abuse

DickMe3@ https://www.youtube.com/watch?v=10KrBjlpH_Q
21/09/2021 6:03 PM

WION is channel from India , due do conflicts of interest so India and China are in opposite direction most of the time .Therefore the information provided may not be true.

Posted by EatCoconutCanWin > 2021-09-22 08:09 | Report Abuse

Run... Before kyy n the geng dumping like mooncake expired

Posted by absalom > 2021-09-22 17:41 | Report Abuse

When the report is ugly and presumably not in one's favor, then it's 'cooked up'. And the usual boogeymen are responsible.

Posted by enning22 > 2021-09-22 18:48 | Report Abuse

red china economy is sinking,in all front

Posted by stockfreak > 2021-09-22 18:52 | Report Abuse

China can learn from US, QE. Problemo solved.