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Comment on Chinese developer EVERGRANDE is in trouble. Are we on the brink of another financial crisis? by China’s economy faces unprecedented challenges – Global News Insider
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Comments for Global News Insider
People watching the stock markets have certainly noticed that the Chinese property developer Evergrande’s liquidity crisis shook stock markets in Asia, Europe and the US. China Evergrande Group is China’s largest development company. Paradoxically, apart from the already existing fact of its great indebtedness, Evergrande’s recent insolvency is partly caused by the company’s efforts to conform to a new state policy to control the total debt level of major property developers.