... meteoritic rise...
No, they don't. Meteorites fall to the ground while vaporizing themselves. Like Evergrande it seems.
Edit: @Hugin@lemmy.world made a good point. It actually does make sense of you say meteoric rise, which they did.
meteor means things high in the sky. from Greek ta meteōra "the celestial phenomena, things in heaven above," plural of meteōron, literally "thing high up,"
But do they rise?
meteoric rise means to rise high in the sky. Meteorologist to study things high in the sky. Meteor thing in the sky.
Meteoric rise doesn't reference the rock falling from the sky. They have the same root word meaning high in the sky.
meteoric rise.
Ooooh! They didn't write meteoritic but meteoric.
You are right. Thanks for the explanation.
if they considered "ejecta" rising after the metorite crashes and sends material into space.
Hmm.:)
the rise caused by a meteor, only to fall and burning at the same time, before the crash.
What are the consequences of this?
Typically this sort of stuff is the tip of the iceberg, especially in places where bad news that makes leaders look like idiots are suppressed. I wouldn't be surprised if this was the sort of 2007 event that got 2008 rolling.
Aside from potentially rawdogging a massive economic meltdown based on extremely shaky loans, market speculation and corruption, building a lot of half built buildings is also terrible for the environment now that they are occupying lands that used to be habitat. Some people probably bought places that will also never be finished, now.
ghost cities and ghost towns, chinese people spent thier life savings invested on this and lost it all, or most of it.
Ok. Now how do I get rich off of this?
You hodl GME sobs quietly
You can no longer dump your worthless stock.
This only seems bad if you're drinking the capitalist Kool aid. Does this really matter at the end of the day?
Mostly likely yes (insofar as a single bank can matter). When banks collapse it sets off a cascade of debt defaults which rapidly contracts the real money supply in an economy, since most actual wealth (and, in turn, the physical creation and transfer of goods, services, and labor that facilitates) is created via fractional reserve lending. This causes a recession. If it was only this bank, it probably wouldn't be that huge of a deal for China more broadly. But it's not only this bank, and it is a huge number of provincial pet banks all tied to the same development and speculation industry. There's a reason economists have been sounding alarm bells. That's not to say China doesn't have the resources to deal with this and/or the fallout, but it is at least a problem to be dealt with.
“Once delisted, there is no coming back,”
Can someone explain why this is?
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