Deep Reasons Behind the Evergrande Crisis | Evergrande Stock | China Economy | China's Real Estate

Deep Reasons Behind the Evergrande Crisis | Evergrande Stock | China Economy | China's Real Estate

Deep Reasons Behind the Evergrande Crisis | Evergrande Stock | China Economy | China's Real Estate

How Evergrande's 300 Billion USD Debt Was Made | China's Real Estate Crisis Since 2020, Evergrande's debt crisis has been like a threatening bomb that could trigger a financial crisis at any moment. Will this large real estate company with 300 billion USD debt become China's version of Lehman Brothers, or even the first domino that leads to the collapse of China's economy? Will the Chinese Communist government save Evergrande? What are the reasons behind the Evergrande crisis? Based on the information and the media reports, it is most likely that the Chinese Communist government will step in to deal with the crisis of Evergrande. However, this kind of intervention is not aimed to save Evergrande, but to let Evergrande go bankrupt and reorganize under the guidance of the government. The State-owned Assets Committee and large state-owned enterprises can then jointly take over Evergrande's assets. To divide Evergrande's assets, it can be based on the previous HNA Group's bankruptcy and reorganization, which can be divided by business type or by geographical area. As for the huge loss incurred by Evergrande, part of it will be apportioned to the state-owned banks and paid by all taxpayers, while the other part will naturally be borne by the financial victims. It is because the impact of the financial crisis is mainly on the upper strata of the middle class, and the CCP will not be lenient in exploiting it. Just like the CCP did with the hundreds of millions of P2P refugees, they were left to fend for themselves! If they want to defend their rights in public, there will be a large number of police officers to suppress them anyway. But Xu Jiayin, the founder of Evergrande, will not get a good ending according to the CCP's usual way of dealing with the white gloves of the rich and powerful. For example, one of the founders of the bankrupted HNA Group in 2018, Wang Jian, faced an unexplained death ; on September 20, HNA announced the progress of its bankruptcy reorganization, with Chairman Chen Feng and his senior management team having their shares wiped out; on September 24, HNA Chairman Chen Feng and CEO Tan Xiangdong were taken away on suspicion of crimes, and what awaits Xu Jiayin may be the same as their fate, a prison sentence for the rest of their lives. #Evergrande#China#chinaeconomy#ChinaObserver#Evergrandecrisis