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Understanding Evergrande, the Chinese Real Estate Conglomerate That’s Nearing Collapse
Odd Lots
China Evergrand's Relationship With Small Creditors
The balance sheet is something like 12 or 13 billion dollars of unrestricted cash. There are another, call it hundred and 80 billion dollars worth of on balance sheets, supplier payables and contract liabilities. The company will then issue those notes also to people whom they owe money to, you know, for reasons. And we saw some situations here in july where the company paid off some of its trade payables by delivering them apartments.
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