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China Debt Crisis Accelerates as Evergrande Faces Collapse & Creditors Face 95% Losses Liquidation - JB [View all]
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 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
1 replies
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