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Two payments were made but they appear to have defaulted on the third bond payment. These payments are all overdue and are subject to a thirty day grace payment which expires today. This opens the door to legal procedings. Edit: It is not yet clear whether the interest payment on the third debt...

Update: The western media lies regarding the non-existant sport of tennis have been corrected by CCP officials. Any reference to this imaginary sport have been removed, and as there is no official record of this sport existing there can be no discussion about this imaginary sport.

There we have it, straight out of the CCP playbook. Always blame anything negative that happens in China on those evil foreigners, starting with the CIA, Western MSM,........

Update: There is no record of a person named Peng Shuhuai in the Peoples Republic of China who played professional tennis. This person is fictitious and a fabrication by western media to spread lies and disinformation to defame the reputation of a high ranking party official.

Peng Shuhuai never made the post accusing anybody of anything, it never happened. We know this because there is no evidence any such accusation was ever made on Weibo, a simple search for Peng Shuhuai on any chinese search engine will confirm this. Foreign media are just making this story up...

Yeah those evil western media fake news liars. They even seem to have gone to the extreme length of fabricating the original verified Weibo post from Peng Shuai and sharing it widely across China. Do you think that CNN will be held to account for hacking into Weibo and spreading such a...

Isn't the CCP deleting all references to this in China? Or are they allowing the story to circulate? It isn't new to the rest of the world, it only started getting traction outside of China late yesterday.

Tanking does not mean collapse, it means a downward trend. What we are witnessing is the start of a very long period of Soviet style stagnation in Chinas economy.

It's economy is tanking and has a number of insurmountable obstacles to growth; A property market bubble starting to burst which has driven 30% of Chinas GDP growth, the associated debt bomb and overleveraging, 60-80 million empty apartments, a demographic bomb creating a shrinking and aging...

Have to wonder how many party officials have actually read 1984, and how deeply it has influenced them. The concept in 1984 of perpetual war as a means of controlling the populace is almost becoming evident today, the CCP is already brainwashing their citizens into the state of constant struggle...

Orwell was incredibly prescient. Some of the CCPs policies are almost straight out of 1984 such as Newspeak. The concept of double think is frequently displayed by party officials, and by extention most of the CCPs sycophantic posters on PDF. 'China has an open market economy' is one such...

It's not much of a fallout to be honest, just a bunch of words on a message board. I'm sure we can live with it. Things work differently in our country, the decision was not political, believe whatever you want to. And blaming an entire nation is completely irrational, but in the end what...

Ok, whatever you say. I'll leave you to your ideas, no point continuing this.

I'm not arguing the decision was right, in my opinion it probably wasn't but what do I know. But there wasn't any agenda behind the decision, and it certainly wasn't the teams fault. On another point, is the English team going to face the treatment for doing the same as us and cancelling their...

As a New Zealander I don't feel personally responsible for the decision, nor do I feel in anyway insulted by the insults and vitriol from Pakistan cricket supporters. I do have sympathy for Pakistan cricket and its supporters who are right to feel agrieved (to some degree), but I do think some...

Congrats to the Pakistan cricket team for the victory, well played and hope you do well for the rest of the tournament.

Exactly. I understand Pakistan cricket fans feeling agrieved, but support your team and enjoy victory if it happens whilst respecting the players. Our players didn't choose to leave Pakistan, they were unhappy about the decision but it was out of their hands.

That's not very nice, why do you think our batsmen deserve that?

That's promising. As critical as some of us can be of the CCP it's not really in anybodys interests to see Evergrande collapse, too many people will be affected. A lot of the victims will be ordinary Chinese people buying homes or smaller business owners such as contractors, there are some very...

As I mentioned earlier Evergrande made the $US 83.5 million bond payment at the last minute to avoid default but that only buys them another week. They know the implications for themselves and the entire Chinese high yield bond market if they default, should be interesting to see how the next...