The time has arrived. China’s $62 trillion property market is now fully exposed.
TOPICS AND TIMESTAMPS:
$62 Trillion 0:00
EVERGRANDE DEFAULTS 1:04
DEBT RECKONING 4:23
MORE FOLLOW 9:33
11 real estate companies defaulted on their bonds this year.
Beyond Evergrande, China’s Property Market Faces a $5 Trillion Reckoning - WSJ
https://www.wsj.com/articles/beyond-evergrande-chinas-property-market-faces-a-5-trillion-reckoning-11633882048?mod=series_chinaevergrande
China Evergrande Has Defaulted on Its Debt, Fitch Says - The New York Times
https://www.nytimes.com/2021/12/09/business/china-evergrande-default.html
China Cuts RRR as Evergrande and Kaisa Face Deadlines - The New York Times
https://www.nytimes.com/2021/12/06/business/china-evergrande-kaisa-property.html?action=click&module=RelatedLinks&pgtype=Article
Evergrande, Kaisa cut by Fitch to default after missed payment deadlines | Reuters
https://www.reuters.com/business/chinas-kaisa-kicks-off-12-bln-debt-restructuring-after-missing-pay-date-source-2021-12-09/
china property market world's largest asset_4.jpg (812×467)
https://cms.zerohedge.com/s3/files/inline-images/china%20property%20market%20world%27s%20largest%20asset_4.jpg?itok=ivhMUDRM
China Beige Book on Twitter: "Direct fallout won't be the problem. It's having a billion Chinese watch this play out, then expecting them to spend afterward." / Twitter
https://twitter.com/ChinaBeigeBook/status/1468768640917020674
