Friends That Invest  cover image

Evergrande: How It Affects You as an Everyday Investor

Friends That Invest

00:00

Evergrant - The Most Indebted Real Estate Developer in China

Evergrant is the second largest real estate company in china. Currently their assets amount to over 330 billion dollars. They have over three billion dollars worth of liabilities they're the most indebted real estate developer in the world. Evergrand missed a payment for ther offshore debt, which was due on the 20 second of september. It also misse paying 83 point five million dollars in coupon on another bond last thursday,. Which is ridiculous amounts of money. So i guess this kind of leaves us all wondering, like when we saw the news, like, ok, cool. Like that's happening there in China. What does that mean for me as an investor who one, doesn't

Play episode from 01:34
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app