Yango. Sounds innocent. Doesn't really offer a threatening picture to anyone. But wait. Something is wrong. This is a real estate monster in China. It is having problems. China is having a real estate credit problem. Some large firms aren't able to pay their bond obligations. They lack liquidity($$$$). Hmmm. Sound familiar? Let's see: does Evergrande come to mind of late. Or was your attention diverted by numerous flyovers in Taiwan by Chinese military aircraft? The Chinese economy is under stress. Beijing is trying to spin their way out of this.
Add to this mess the new uptick in COVID-19 cases and the resulting lock downs. My, my. How will dictator for Life Xi JP spin this problem? He'll hold a meeting. Put out some press releases. Make a few arrests. Incarcerate some more Uighurs. Build some high speed rail lines. Send some vaccines to Africa. Proclaim a Belt and Road program in the Arctic. Make an offer to Putin to buy Vladivostok and the Amur River basin. Offer to buy Vladivostok and build a new gigantic container facility China needs to increase shipping of containers to the Western hemi.
I think it's time for Beijing to rethink real estate. Build less, build better, build back---or something like that. Will Jack Ma be on board? HOw about Jimmie Lai? Will he be on board? Or the unfortunate movie queen who was disappeared for a year for speaking out? Hmmmm. So Communist, so Chinese.
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