— M/1_LP (@MI_Investments) September 16, 2021
Capitulation in the Chinese property/development sector. Evergrande was the tip of the iceberg. This is what happens when you create growth inefficiently 👇 pic.twitter.com/sH2Uqb1EhY
— Gianluca (@Theimmigrant84) September 16, 2021
There are pockets of contagion in Chinese markets from Evergrande's swoon. The property developer's woes exacerbate an already softening housing market, which accounts for 28% of China's economy. t.co/fmveJ3JUWK pic.twitter.com/8ByYzmhyC1
— Lisa Abramowicz (@lisaabramowicz1) September 16, 2021
Big short movie has finally a sequel t.co/PqsgwRjkr1
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) September 16, 2021
China's debt bomb is ticking faster and Evergrande is just part of a much bigger problem.
In my opinion, the PBOC will be forced to act and a currency devaluation is the next macro development to unfold.
— Otavio (Tavi) Costa (@TaviCosta) September 16, 2021
Xi going after gaming industry now. Cleaning house. Macau has a problem pic.twitter.com/rlz46P8sGj
— Gianluca (@Theimmigrant84) September 16, 2021
CHINA 🇨🇳 PROPERTY
DEVELOPMENT pic.twitter.com/CJM6bnyVFm— Win Smart, CFA (@WinfieldSmart) September 16, 2021
Evergrande. International holders of 03/22, 04/22 and 01/23 bonds. pic.twitter.com/8s0Bi0M9ny
— PPG (@PPGMacro) September 16, 2021
🚨BREAKING NEWS🚨
China's Evergrande Group is deeply in the red – to the tune of $300bn.
It has reiterated it cannot pay its interest for this, or next, week.
Also onshore bonds are now suspended.
— unusual_whales (@unusual_whales) September 16, 2021
China Evergrande concerns are rippling through markets after the company halted trading of its onshore bonds,
– Shares of other Chinese property developers & banks are falling
– Yields on junk-rated debt spike to the highest since March 2020t.co/qHuXB37uNF by @SofiaHC1 pic.twitter.com/mmEExxnhnu— Tracy Alloway (@tracyalloway) September 16, 2021
How China Evergrande’s Debt Troubles Pose a Systemic Risk
China Evergrande Group (3333.HK) has raised fresh warnings of default risks, as it scrambles to raise funds to pay lenders and suppliers with regulators and financial markets worried that any crisis could ripple through China’s banking system and trigger social unrest.