China’s Evergrande will search a six-month delay within the redemption and coupon funds of a 4.5 billion yuan ($157 million) bond in a gathering with bond holders this weekend, underscoring the strain on the debt-laden property developer. Evergrande is struggling to repay greater than $300 billion in liabilities, together with almost $20 billion of offshore bonds deemed in cross-default by rankings companies final month after it missed funds
Subscribe:
For extra information go to:
Comply with DW on social media:
►Fb:
►Twitter:
►Instagram:
Für Movies in deutscher Sprache besuchen Sie:
#China #Evergrande #Economic system
source
Chinese government actually doing the right approach to defuse the housing bubble, and it show the world not only use the tax payer money to slove their own problem. Land developers must be responsible for their own action and can not escape their personal wealth. In the end of the day, it force the devloper to sell their asset. It will benefit for the people as well to get an affordable apartment. Common prosperity is in full action to equalize the inequality of distribution of wealth. Properties are for long term investment, and short term adjust mean very little to the owner.
After this China housing crisis, the one still remain in the business will grow in a healthier business practices that worth invest in the future.
Everyone know the 2022 belong to China, and it is most like surpass United States become number one economy in the world. It is one of life time opportunity to ride the economy success with China.
If you still believe American is greatest country in the world, you might possibly witness the fell of the dollars and crash of stock market. My advice to you is buy some gold.
CCP could fix this rather easily
Its not Evergrande debt, its our peoples debt.
At least the Chinese government is not going to give them bailout money and pay hundreds of millions in bonuses to CEO
The word "investor" seems silly in this context. More like pyramid scheme participant
If you borrow 30 thousands and unable to pay you have a problem but if you borrow 300 billions and unable to pay it's other people's problem lmao.
Ahhh is this a case of socialism or capitalism with Chinese characteristics
Accept losses (take back your 0.5%) and reinvest again. – AirAsia.
Yay! Let’s start another economic meltdown!
Trouble in paradise China ?
International investors dont get their money, with domestic ones it would be a different story. Classic China..
Bobles always pop.
Evergrande is going to collapse any day now – the media for the last 4 months
HAHAHA….just like Donald Trump.
they should have worked with corrupt government officials, like he did.
To have your hard-earned money disappear in circumstances like this must be devastating.
Dreg tofu projects not paying so well for Evergrande
The plan for China is to invade Taiwan and take their money to pay for Evergrande.
Awe those poor investors
Don’t worry. China and its economy have been predict to collapse decades ago. I understand Chinese but when they report the woman saying something about the police they actually cut her voice off . So I do not know what she actually said.
Put the homeless in there how about that
Y’all keep voting for bigger government 👏🏾 this is exactly what dems want 🤦🏽♂️ but y’all to ignorant
Expedite the process.
So I thought I had money problems then I saw this lol wow
@0:43 look at all that bird cages, so jam packed together, u'd think with so much land in China, they would build nicer buildings with more space
If i had a dollar for everytime the chinese foreign ministry issues a threat or vows pain and suffering for countries that offend it, i could pay off evergrandes debt
The good thing is the properties are still there, unlike American bombings of other nations infrastructure! And making them pay for US war crimes ! Has anyone heard of Iraq and such ?
Unregulated greed in action
I see the sense in demolishing all those properties, why not sell them to other developers instead to pay off the debts?
$$$ investors are out of their money. Chinese investors will get satisfied out of the sale of assets
No worries, during the sub prime crisis, the drug cartels money rescued the USA property market, and it has never looked back since, there will be other people closely watching and itching to pick up bargain basement property prices, I am one of those, and I am related to narcotics
Who are going to buy these new projects? They already built so many ghost cities, many times exceeding demand…
China gonna collapse soon.
Good news
… they are cheating people, the simple china people