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Date: 2024-12-21 Page is: DBtxt003.php txt00025644

CHINA EVERGRANDE AND CHINA DEBT CRISIS Joe Blogs: CHINA Debt Crisis Accelerates as Evergrande Faces Collapse & Creditors Face 95% Losses Liquidation PLAY YOUTUBE VIDEO Original article: https://www.youtube.com/watch?v=NqPVRCr8Po4 Peter Burgess COMMENTARY Peter Burgess
CHINA Debt Crisis Accelerates as Evergrande Faces Collapse & Creditors Face 95% Losses Liquidation Joe Blogs Oct 12, 2023 328K subscribers ... 15,416 views ... 1.8K likes #china #evergrande #countrygarden Please Support The Channel: YouTube Super Thanks (click below) YouTube Membership (click below) https://www.buymeacoffee.com/JoeBlogs https://www.patreon.com/joeblogsYT Evergrande is 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 has advised that it now faces DEFAULT and KAISA, the first Developer to Default on its debts, has advised that in the event of a Liquidation creditors will lose 95% of their investment. 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 the Chinese Economy. Chapters: 0:00 Intro 3:55 EVERGRANDE 7:02 COUNTRY GARDEN 10:17 KAISA 12:07 MARKET 13:55 COMPANY RESULTS 15:44 SUMMARY & CONCLUSION #china #evergrande #countrygarden #kaisa #globalrecession #inflation #technology #wheat #interestrates #india #Belt&Road #globalrecession #globalfinancialcrisis #russia #Evergrande #China #Recession #Zhenro #Bonds Transcript

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