China Existent Estate Cost Reduction

This is funny to watch:

Country Garden cutting the selling toll at 1 of its residential developments past times 1/3. Those who paid sum toll smashed the sales office. Similar incidents had happened before, together with volition again. It’s impossible to take away “the guarantee of principal”（刚性兑付）in China. pic.twitter.com/UxHFODYxmc

— Hao Hong 洪灝, CFA (@polarmcbear) October 6, 2018

They are inwards the "Bear Stearns Phase" which is even together with then early on inwards the process... they bring to destination adding reserves or it could cash inwards one's chips a lot uglier...