Posted on Sep 21, 2021

Evergrande: will it collapse and what would happen if it did?

LTC Eugene Chu

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Additional article about the private Chinese company, Evergrande. It has $300+ billion of debt, is struggling to maintain payment schedule and may affect economy on a global scale.

Evergrande: will it collapse and what would happen if it did?

Posted from theguardian.com

Posted in these groups: China

China

Business

Economy

International Affairs

Edited 3 y ago

Posted 3 y ago

Responses: 1

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LT Brad McInnis

Posted 3 y ago

Will probably be similar to ENRON in effects, but on a much larger global scale.

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LTC Eugene Chu

3 y

Enron was about fraud and this is about debt mismanagement. Others compared it to Lehman Brothers from back in 2008

https://www.cbsnews.com/news/evergrande-china-lehman-brothers-moment/

Is China about to face its "Lehman Brothers moment"?

The financial woes facing Chinese property developer Evergrande has investors on guard. Here's what's happening.

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Evergrande: will it collapse and what would happen if it did?

Evergrande: will it collapse and what would happen if it did?

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