Chinese language actual property behemoth Evergrande confronted its greatest disaster but in September 2021, spooking markets and prompting comparisons to the collapse of U.S. funding financial institution Lehman Brothers in 2008.
Because the firm’s founding in 1996 by Hui Ka Yan, it has since collected greater than $300 billion in debt, making it the world’s most indebted developer.
“As Evergrande teeters on the sting of default, the collapse would have grave penalties for lots of of hundreds of property consumers and retail clients,” stated CNBC Senior Correspondent Emily Tan.
#Evergrande #EvergrandeGroup
Content material:
00:00 Intro
01:14 Background of Evergrande
01:57 Evergrande’s enormous debt
02:43 Folks’s Financial institution of China (PBOC)’s three red-lines & rationale
04:16 Domino impact of the Evergrande disaster
06:03 Is that this China’s ‘Lehman second’?
06:32 Will there be a bailout?
08:27 Greatest takeaway
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You guys made us to learn a lesson…thanks
Yo who fucking cares. The Chinese are living their lives right now. Too much opportunity for them else where.
Nice video.
American government is have the most Debt. In the world. We should start talking about that.
I got 3:01 in and couldn't watch this crap anymore. They're reading the Wikipedia page, there's no genuine insight or understanding from either of these women in what's going on.
Get a better news source than this trash
1.Unballance Demand and supply..ratio
2. expensively strategy
3. Sometime move on another business
4.financially miss management
Thats finally result crash..
Evergrande doesn’t sound like it will be grand for much longer.
Another normal day in paradise
Im waiting for the drop yummy
Xi is not a president but should be addressed as Chairman or secretary General.
Not long ago they scoffed at American housing crisis and gleefully adores themselves!
It is a problem only to American lenders.
Well it’s clear who’s going to get their throats cut financially. Those 1500 prepaid for apartments are as good as history for some time to come.
Gotta laugh about the too big to fail shit. The US has multiple TBF businesses, but bigger is always better.
Copy every thing
People are likely to loose their hard earned money.
Now is the time to show how to approach the real estate issue properly.
Let's see if China – one of the oldest civilizations in the world – can handle the problem any differently than any other nation.
I thought CNBC was a legitimate business news channel, yet they never mention the Xi's political angle, using the three red lines to damage his political opponents, the impact of the CCP on economic health of the country and how communism is bad for foreign investors and making the markets completely opaque. Instead, by comparing it to Lehman Brothers, it actually gives cover to the CCP. Way to promote journalism, CNBC!
I think for the sake of the world, China's economy should be left collapse. It will be the only way to starve the CCP into a more humble attitude towards it's citizens and it's external neighbours.
Flagged as a potential risk back in 2018? Hmm!
It isn't the only one…
And the build quality isn't up to scratch either.
Evergrande doesn’t have any entanglement with America I pray!
Under the CARPET there is more dirt and rubbish that we all can imagine! Good luck to those who are involve with Evergrande like the banks, institution, sub- contractors, suppliers…..all will disappear and also many will be broke.
CEO of Face Book and CEO of Twitter should be but in Jail for interfering in the 2021 Presidential Election.
One city made for living other badlly built onlly for investers monney manipulation..what can go wrong
Just imagine 🤦🏽🤦🏽🤦🏽😧😂🤣🤣🤣😭
It will be the down fall of China …. Just like Japan did 30 years ago and never recovered
Up and down……
Whoever is the ceo is now thinking is squid game true?
Plain and simple poor management and taking on too many loans not repaying debt.
Hmmm. Doesnt seem like the west should care. Doesn't seem to impact us. One thing we all know property bubbles burst guaranteed.
same bs different country
there is a chinese man or korean that works in Mt eden corrections facillity auckland new zealand his name is not eric….
Maybe they should have built multiple smaller towns instead of one huge city to avoid some risk.
Why doesn’t China bail them out ? Like the US did with GM ?
China's debt will keep the Fed in check and may force interest rates lower
00:10
We'll see…
America has more than completely recovered from the sub prime debacle and i believe China could do it one better.
As They Speed Up Construction They Will Get Sloppy
Expect "Structural Failures" Within 20 yrs ? All Over China ??
Guarantee corruption lol
Mr.Ho is screwed
The biggest ponzi scheme in history.