China Insider with David Zhang
@chinainsiderwithdavidzhang·1.4M subscribers·1.8K videos
Evergrande and Country Garden Are 2 Ticking Time Bombs |China’s Real Estate Bubble
Posted
August 11, 2023
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August 11, 2023
36,879
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12:09Now PlayingUpdate: China Evergrande files for chapter 15 bankruptcies.
Another real estate developer in China is on the verge of default. Just 2 years after Evergrand created the largest real estate crisis for China. However, this time, it affects us too. Country Garden couldn't pay back overseas creditors and got down grade in credit from Moody.
But let me tell ya. This is not just some real estate issue solvable by Harvard economists. It's a whole political situation waiting to be defused. A ticking time bomb.
#evergrande #countrygarden #china
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