China’s Economy: Evergrande a canary in the coal mine?
One Decision
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The Chinese Property Sector Is in a Crisis, I'm Gobsmacked!
evergrands has gotten a lot of attention because it was the biggest and most vulnerable company mid year last year, o r fall of last year. But since then, we have had 30 chinese property developers default since the beginning of 20 21. A, evergrand's total liabilities are about two trillion remib. And this is now right around one trillion us. So we have a substantial problem here in the property that is much bigger than evergrand. Now, they just were the canary in the coal mine, warning every one about the weakness in the sector and what was coming down the line. i mean, i'm gobsmacked. I wasn't aware of that stat
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