More Than a Third of Developer Debt is Not in RMB
According to a research note by JP Morgan, an average of 38 percent of debt belonging to China’s property developers has been borrowed in foreign currency, and almost all of this foreign denominated debt has been in US dollars or Hong Kong dollars.
Ford Loses $132,000 on Each EV Produced, Good News, EV Sales Down 20 Percent
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Ford (F) reports a huge loss on every EV. Sales are down 20 percent holding
the losses to $1.3 billion.
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