China’s Evergrande Group – the worldβs most indebted actual property developer – has supplied to pay again a few of its traders with a few of its properties.
The corporate has been struggling to lift funds to pay money owed estimated at $300bn.
If it fails it might have an effect on China’s financial system – the world’s second-largest – however China pumped more money into its banking system on Friday to avert a liquidity squeeze.
Al Jazeera’s Laura Burdon-Manley studies.
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THE SOLUTION … … … BITCOIN !
it's not 300 billion in debt more like 1.5 trillion .they are hiding real figures π€
GREED
Kung-Flu Xi will make a bunch of people disappear soon. The Xina way of doing business and creating a just society. Sickening.
Is Evergrande gonna be like Covid scenario?! Started from China then finally ends up taking global financial system down?! π€π₯
Tofu dreg housing compensation
India has similar issues. Modi is getting to the bottom of this cheating.
Every building group you see in this video is worth anywhere between 1 to 5 billion, and evergrande has hundreds of projects throughout the country.
Well all that money on opium and heroin is finally paying Taliban…
No one wants those worthless properties LMAO
Disaster morgage ππ
NOthing bad will happen. It's all fear mongering.
No need to fight with China. China collapsing from within. Evergrande- the Lehman of China. Bad loans everywhere. China has resistance from Phillipine, Loas, Indonesia, Balochistan, Zambia…..
Its more like a teillion.
Another f… king corrupted cheater developer cheated all the poor people money
Boycott Chinese goods services and applications
Citreon raised this issue 10 years back.
Don't forget about chinas ghost cities and there fake economic growth numbers
Dont worry guys the money is safe at Swiss alps
they should have invested in Bitcoin!
what a sight to behold.
China ππππππππππ
In a county like Turkey you can NOT advertise for development that is not 100% complete and ready to move in, we all have brine letβs start using , no sympathy for greedy people
Dear CCP
If u r reading this
Jokes on u suckersππ€£ππ€£π
Because the company is too greedy, now all the tax payers will have to chip in. The PCC is also to be blamed as their incompetence is surreal.
Evergrande is running dirty tactics. Offering other properties that has no or very little value. Big companies jn china is partially owned by the ccp. And you wouldnβt be surprised that yhe ccp will screw their own people for money!!!
guess that GREED shares the same consequences disregards what politics platform the environment adopts.
It will fall like a domino.
Beijing will step in as a bailout but they will wait to the very end an evergrande fall
China no good..the company will sink down. Watch.πππππππππππ€£π€£π€ͺππππ€€
The effects of a riba-based economy.
i suppose finishing one building, then moviing on to the next never occurs to the greedy.
Ordinarily I would support the protestors, but it's the government who failed them, not the company. PRC has control over every aspect of its domestic economy, they should have seen this coming and stopped it. The Chinese experiment with capitalism has failed miserably.