*EVERGRANDE’S DEAL TO SAVE IT FROM DEFAULT HAS BEEN SUSPENDED -RTRS
— Alessio (@AlessioTMAD) October 19, 2021
Plenty of time for the others to default in 2022 as well 👍. Mountain of USD debt shall be serviced in 22. Way more due than in 2021. pic.twitter.com/R0amI3OtLj
— tunga trades (@tungatrades) October 17, 2021
The Chinese economy is burdened with a huge debt and its real estate sector is at the verge of collapse.
As Evergrande teeters on the edge of default, collapse would have grave consequences for thousands of property buyers and retail customers. pic.twitter.com/qjnA3oz5UT— Ma'ashiyaat EcoNetwork (@maashiyaat) October 19, 2021
270% of China’s annual GDP is debt.
China owes $2.4 trillion dollars to foreign debt/bond holders.
#Evergrande is set to default this Saturday.
S&P is $3 off its ATH.
Big rug pull incoming.
Investors shrugs off concerns over looming Evergrande bankruptcy. // Investors are looking forward to US Treasury default in December. Buy stocks now and sell in December.
— Jacky (@RealAranwu) October 19, 2021
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