#China #property developer #Evergrande’s EV unit alerts Hong Kong exchange of its “serious shortage of funds”. Says it has suspended paying some of its operating expenses, some suppliers have suspended supplying for projects. pic.twitter.com/2eMct9aa2k
— Eunice Yoon (@onlyyoontv) September 24, 2021
Goldman: "Given the size and complexity of Evergrande, we do not know how the situation will be resolved"
— zerohedge (@zerohedge) September 24, 2021
Breaking! JPM is going negative on the Chinese property sector.
Rumor is next yr theyre going to warn about the LTCM collapse. https://t.co/Auw9H1YJec
— China Beige Book (@ChinaBeigeBook) September 24, 2021
China Evergrande, the world's most indebted property company owing $305 billion, faces a liquidity crisis as Beijing looks unlikely to bail it out. With warnings of a real estate crash and contagion concerns, it is a problem that was brewing since the summer of 2021 1/24 pic.twitter.com/6wN8BE8OYn
— Reuters Business (@ReutersBiz) September 24, 2021