Whatever Happened To The Evergrande Crisis?
发布时间 2022-06-15 19:00:22 来源
摘要
Near the end of last year, Evergrande was one of the hottest subjects in financial news. Evergrande was one of the largest property developers in China and they were teetering on the brink of default. And they would eventually default on $1.2 billion worth of foreign bonds in December of 2021, but it doesn’t seem like anyone cares anymore. Given the massive sell-offs in the stock market and crypto markets, it seems that everyone is preoccupied with either panic selling or buying the crash. But, Evergrande shouldn’t be something that we should just ignore given that it is indicative of the overall Chinese real estate market. For decades, China’s real estate market has just gotten frothier and frothier and the most infamous example of this is China’s massive ghost cities. So, the collapse of Evergrande may just be the beginning of a much bigger sell-off in the Chinese real estate market which could lead to contagion. This video explains what happened to Evergrande and whether the situation could become much worse moving forward.
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Timestamps:
0:00 - Remember Evergrande?
1:02 - The Birth Of Evergrande
3:53 - Ghost Cities
6:06 - Turning A Blind Eye
8:33 - Too Little Too Late
10:09 - CCP To The Rescue
Thumbnail Credits:
Maxim Shemetov - Reuters
https://bit.ly/3tCnU9r
Alex Tai - SOPA Images
https://bit.ly/3MPRuPD
Resources:
https://pastebin.com/UnTaTqnz
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