Backdoor to Bailout for Evergrande of China?

Crossville TN

Description

The $310 Billion indebted and DEFAULTED property developer "Evergrande" needs a bail out. There are at least 6 developers in trouble and all their suppliers! Financial news outlets said on July 25, 2022 Beijing (Chinese Communist Party) is going to step in. Then Biden announced a meeting / call right after that on July 27th. Then all of a sudden, we have the "The Inflation Reduction Act of 2022" With $433 billion" in spending with a green energy to reduce carbon emissions by roughly 40% by 2030," a tax hikes and supposed deficit reduction. Is it just me or are they bailing out China's defaulted real-estate developer Evergrande? To stop a global financial collapse? Electric Vehicle battery components from China? Battery metals: The critical raw materials for EV batteries The raw materials that batteries use can differ depending on their chemical compositions. However, there are five battery minerals that are considered critical for Li-ion batteries: Cobalt Graphite Lithium Manganese Nickel China’s dominance in the rankings shows that refining capacity is just as important, if not more, as access to raw materials and mining capacity. China does not boast an abundance of battery metal deposits but ranks first largely due to its control over 80% of global raw material refining capacity. Additionally, China is the world’s largest producer of graphite, the primary anode material for Li-ion batteries. JUST CURIOUS, THAT'S ALL!