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Date: 2024-08-16 Page is: DBtxt003.php txt00025558
CHINA
THE PROPERTY SECTOR
Joe Blogs; CHINA Debt Crisis Implodes as Defaults Escalate, Evergrande Faces Liquidation & Founder is Arrested
Original article: https://www.youtube.com/watch?v=5WKtI6c36Yo
Peter Burgess COMMENTARY

Peter Burgess
CHINA Debt Crisis Implodes as Defaults Escalate, Evergrande Faces Liquidation & Founder is Arrested

Joe Blogs

Sep 28, 2023

325K subscribers ... 188,207 views ... 10K likes

#Evergrande #globalrecession #globalfinancialcrisis

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Over the past 20 years Businesses and Local Government in China have built up TRILLIONS in Debt. The Property Developers have been struggling to repay or refinance their Bonds and 34 of the Top 50 Developers are currently in Default. Evergrande if the MOST INDEBTED Company in the World and it recently announced that it cannot proceed with its Restructuring as it is unable to issue any new debt. The Company's Founder & Chairman was recently placed under HOUSE ARREST and this followed the arrest of a number of employees at Evergrande Wealth Management. In addition to this Country Garden, which is the Largest Property Developer in China, is out of cash and on the verge of DEFAULT. Added to this the Property Sector is on its knees and demand for property has never been lower. In this video I provide details of the latest situation and discuss the potential impact on both the Chinese Economy & the Global Economy.

For specific details please check out the CHAPTER list below.

Thanks for watching and please LIKE and SUBSCRIBE.

Chapters:
  • 0:00 Intro
  • 4:30 DEVELOPERS
  • 6:46 BONDS
  • 10:46 EVERGRANDE
  • 11:47 ARRESTS
  • 13:24 FINANCIALS
  • 17:02 COUNTRY GARDEN
  • 19:30 SUMMARY & CONCLUSION
#china #globalrecession #inflation #technology #wheat #interestrates #india #Belt&Road #globalrecession #globalfinancialcrisis #russia #Evergrande #China #Recession #Zhenro #Bonds Joe-Blogs-on-Chinese-property-sector-25558-02-d.jpg
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