Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
China Property Market Starts to Collapse as Evergrande is Forced into Liquidation by Hong Kong Court - Joe Blogs
The Property Sector accounts for around 25% of the Chinese Economy and the rapid growth over the past 20 years was driven by Property Developers borrowing huge amounts of debt. EVERGRANDE has over $300 BILLION of debt and has now been forced into LIQUIDATION by a Hong Kong Court. This court ruling has now set a precedent for other Chinese Property Developers and is very bad news for the Chinese Property Sector and the Economy. In this video I provide more details of the current situation, discuss the liquidation process and look at the potential impact on the Chinese Economy.
Chapters:
0:00 Intro
3:05 LIQUIDATION
6:02 EVERGRANDE STRUCTURE
9:50 RECOVERY PROCESS
14:07 IMPLICATIONS
16:54 SUMMARY & CONCLUSION