Evergrande Accused of China's Largest Financial Fraud | Vantage with Palki Sharma

Evergrande Accused of China's Largest Financial Fraud | Vantage with Palki Sharma

Chinese developer Evergrande has been slapped with a $580 million fine in the country's largest financial fraud case. The latest penalty is another setback for the embattled property firm. Palki Sharma tells you what's next for China's property sector.

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Evergrande | China | Property Developer | Fraud Accusation | Firstpost | World News | Vantage | Palki Sharma

#evergrande #china #propertydeveloper #fraudaccusation #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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[samahirrao]

As rick said "Popular people are most likely to be stupid. And being richest in China one has to be that stupid."

[higlytoxicgirl]

Will Palki talk about the Electoral bond scam within our own country India? Or will she also ignore it like when she ignored the declining democratic values??? Let's wait & see.😅

[ajaxjaiswal]

I told this channel to curb and sanitize their comments section it's getting highjacked by these Chinese bots.

[Rav]

India is 5th largest economy only because of 1.4+ billion population and nothing else. GDP is defined as the total value of goods/services produced for a certain period. I ask you this question. How much goods/services can a single person produce versus 10 person, assuming they are using the same type of labor? Obviously, 10 person will be able to produce more goods/services as compared to a single person. Ratio is 1 : 10, 1 person versus 10 people and that is why India easily and ought to beat the GDP of countries with significantly lesser population.

Now, what happens if you were to make a more meaningful and fair comparison by comparing a 1.4+ billion population country India versus another 1.4 +billion country Why is India's GDP merely 3.7 trillion whereas China's GDP is 18 trillion?

Thus, don't give me nonsensical comments such as being the 5th largest economy in terms of GDP and don't even try bragging about it. A country of their size of 1.4 billion ought to be at least half the GDP of China because they have approximately the same population. They're not even 20% of China's GDP, yet they like to think themselves as superpower and throw their weight around. China only exposes the weakness of India: quality versus quantity.

Before you accuse World Bank's data as not reliable, you need to understand that the entire world borrows money from World Bank. Yes, it is the same bank that India trusted and thus borrowed money from them to finance their Swachh Bharat toilet mission 2014 (The mission includes making 110 million toilets for 600 million Indians over a period of 5 years to end open defecation)

Truth and reality hurts the most

Indians hate the Chinese because the very existence of China is a perpetual reminder that China has succeeded whereas India has failed. The entire world is always comparing this 2 largest countries because they have the same population and because of this, Indians have a hard time coping being the inferior one. Thus, India have developed this defense mechanisms psychology that they cannot lose out to China.

[greatndit]

One thing Everyone don't discuss about is Where did evergrande get the money from ?
Who Lend them the money ?
why china is not collapse yet ?
IMHO the answer is evergrand got the money from local bank and selling bond inside china AND china is using dual currency system which allow them to print money as much as they need without lowering the value in international market .

[TedrosAdhanom.]

Of 99 Asian cities with the worst air quality index, 83 of them are from just one country alone 😔 and it's not even an industrialised country 🙄 do you have any idea which country is it? 🤔

[JefChen.]

Didn't she say back in 2020/21/22 that the Evergrande crisis would bring an end China's economic growth and India shall emerge as a replacement to China?

[shivamkumar]

China's GDP is also exaggerated. Many reports that got leaked gave us an insight that unemployment rate high, population decline, real state crisis and declining economic growth.

[TedrosAdhanom.]

Fun fact: China's industrial output for 2023 accounted for a staggering 39% of the entire world's overall manufacturing. It's even larger than that of the US, EU, Japan, South Korea, Mexico, India and Vietnam, combined

[Sakura-kogh]

He is dead if china is punishing him but he is alive which means he is not punished

[TedrosAdhanom.]

Fun fact: India's exports to the United States rose 17% last year. While imports from China rose even higher at 29%. In other words, India is now being turned into China's "sweatshop", providing endless supply of cheap labour for Chinese manufacturers. Now you know why India can only ban Chinese apps and not Chinese goods?

[Indian_Girl_Aarini_]

I find it really incredibly shocking and surprising how China and India are just so strikingly in contrasting. On one hand they have an abundance of unoccupied buildings (ghost cities is what some people calls it). In fact a few thousand of those cities already. On the other hand in India there is hardly any buildings and is filled with sIums everywhere with no toIiets. USA is in a similar position to lndia with their amounts of homelessness now.

[Halisco_New_Generation]

Just compare the state of China to India. It's fascinating. China has more spare empty homes than India have usable toiIets.

[TedrosAdhanom.]

World Happiness Index 2024 ranking of Asian countries:

No.30 = Singapore🇸🇬
No.50 = Japan☢️
No.51 = South Korea🇰🇷
No.60 = China🇨🇳
No.93 = Nepal🇳🇵
No.108 = Pakistan🇵🇰
No.118 = Myanmar🇲🇲
No.126 = India🐄 👈
No.128 = Sri Lanka🇱🇰

Note: Indians are a little bit happier than Sri Lankans, who are now facing its worst economic crisis since independence and, less happier than Myanmar, who is going through a civil war 😢

[nmew]

Palki: Mearschimer, please tell us about new world order
Mearschimer : US, China, Russia are the 3 Superpowers
Palki: What about India
Mearschimer : India is only an aspiring Superpower but not yet.
Palki: 👿😡👿

[isaac.anthony]

This is WHY massive for profit corporations should NOT exist. If THEY go bankrupt, we taxpayers end up bailing them out, WE should own that property, when this happens!

[elvrod]

Why is there no mention of ladakh protests... this is crap journalism...

[Shamika_Shamoo.]

As an Indian Hindu, I take great pride in the values of hard work, humility, and friendliness that are deeply ingrained in our culture. Inspired by the ideals of our national icon, Gandhi, I am committed to acquiring the knowledge necessary to build advanced toilets and become a national hero in the fight against unsanitary conditions. It is a tragedy that thousands of Indian manual scavengers lose their lives each month due to the dangerous nature of their work, and my heart goes out to their families and loved ones. However, we must also recognize the many benefits of proper sanitation, such as eradicating open defecation and maintaining cleanliness, which can help improve our country's reputation on the global stage. As Gandhi once famously said, it is time to stop defecating in areas where we eat, sleep, and pray, and I am proud to be part of this important movement towards a cleaner, healthier India.

[dalec]

palki always sounds negative and condescending, like she is mocking not reading the news, always giving snide remarks

[Dmidnightmachine]

yet we were supposed to believe this country in regards to Covid....