Evergrande and China's Potential Debt Crisis: Explained

Evergrande and China's Potential Debt Crisis: Explained

Evergrande, and China's Potential Debt Crisis:, Explained.br Evergrande is a Chinese real estate giant br with over $300 billion in debt.br According to CNET, that makes Evergrande the world's most indebted real estate company.br According to CNET, that makes Evergrande the world's most indebted real estate company.br Since China is a major global trading br partner, economic problems within br the country could be far-reaching.br Since China is a major global trading br partner, economic problems within br the country could be far-reaching.br CNET reports that if the company were to default, countries everywhere would be impacted.br CNET reports that if the company were to default, countries everywhere would be impacted.br On Sept. 14, Evergrande told its investors that it may be unable to fulfill two repayments equaling over $130 million due in the coming weeks.br Analysts don't expect the impact to be as devastating as the global financial crisis of 2008.br Analysts don't expect the impact to be as devastating as the global financial crisis of 2008.br We believe Beijing would only be compelled br to step in if there is a far-reaching contagion br causing multiple major developers to fail br and posing systemic risks to the economy. br Evergrande failing alone would br unlikely result in such a scenario, September 20 S&P Report, via CNET.br We believe Beijing would only be compelled br to step in if there is a far-reaching contagion br causing multiple major developers to fail br and posing systemic risks to the economy. br Evergrande failing alone would br unlikely result in such a scenario, September 20 S&P Report, via CNET.br Protests have reportedly broken out br in front of Evergrande offices around China, br including at its headquarters in Shenzen.br According to CNET, employees, suppliers br and customers who have paid for unbuilt homes br were among those who demonstrated.br Evergrande is not only in real estate. The company br also owns an electric vehicle company, a soccer br team and a bottled water business.br Evergrande is not only in real estate.


User: Wibbitz Top Stories

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Uploaded: 2021-09-22

Duration: 01:30

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