Evergrande Collapses, 1.6 Million Dead-End Homes Left—6 Million Homeowners Crying in Despair
Evergrande Collapses, 1.6 Million Dead-End Homes Left—6 Million Homeowners Crying in Despair
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This is definitely the biggest joke of the year. 1.6 million homes have been left unfinished; over 6 million homeowners are left homeless. The registered capital is only 3.9 billion, but the company owes a staggering 2.5 trillion yuan. What big moves have we seen in the past few days? Divorce and asset transfers, running to the U.S. to apply for bankruptcy protection—a Chinese company going to the U.S. to apply for bankruptcy protection. This is a slap in the face to Chinese people. People say Evergrande lost 2.5 trillion yuan, but did they really lose? No! It’s us, the homeowners, who lost. It’s not just 2.5 trillion yuan—I believe it’s at least 5 trillion.
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