Tag: evergrande

waterfall effect? From ghost towns to bankruptcy: This is how the symbol of the Chinese real estate bubble shakes world finance. The Hong Kong High Court decided to liquidate Evergrande. The decision was taken due to the Chinese giant’s failure to submit a debt restructuring proposal worth over US$300 billion. What will be the impact of the decision on the global economy?

waterfall effect? From ghost towns to bankruptcy: This is how the symbol of the Chinese real estate bubble shakes world finance. The Hong Kong High Court decided to liquidate Evergrande. The decision was taken due to the Chinese giant’s failure to submit a debt restructuring proposal worth over US$300 billion. What will be the impact of the decision on the global economy?

Evergrande’s time is up. The feared decision has come from the Hong Kong High Court: The decision to liquidate the Chinese real estate group, the world’s most indebted company. A new financial blow is falling on the real estate developer in China who is building literal ghost towns where apartments are forced to live in […]

China, Evergrande in liquidation: the fall of the real estate giant

China, Evergrande in liquidation: the fall of the real estate giant

The High Court of the Hong Kong Special Administrative Region held a hearing on the liquidation petition against China Evergrande Group on Monday, ordering the company’s liquidation. Evergrande, with debts exceeding US$300 billion, had already faced a liquidation request from its creditors and was preparing a new debt restructuring plan. The liquidation application hearing resumed […]

Let’s clearly see the consequences (for us too) of the crisis in the Chinese real estate market. The fact that the Chinese, especially the younger generations, have lost their faith in the future and no longer invest in real estate puts the real estate sector in a difficult situation once again. deep crisis

Let’s clearly see the consequences (for us too) of the crisis in the Chinese real estate market. The fact that the Chinese, especially the younger generations, have lost their faith in the future and no longer invest in real estate puts the real estate sector in a difficult situation once again. deep crisis

“Homes are for living, not for speculation,” was Chinese President Xi Jinping’s warning in 2017, following his decision to tighten lending rules against real estate speculation. The crisis in the industry in China has been evident for some time, and the Communist Party has taken action to slow down the freewheeling market. And if we […]

China, Evergrande crisis. The US think tank: long wave will also reach Italy

China, Evergrande crisis. The US think tank: long wave will also reach Italy

The Chinese real estate crisis shakes the world economy. Giant China Evergrande filed for a “protected bankruptcy” procedure, i.e. a debt restructuring. The objective is to make the assets that the company has in the States unassailable, since the mountain of accumulated debts is frightening. We are talking about more than 330 billion dollars. The […]

\