More of a small event that has captured headlines. Which is true, but this makes the Evergande situation far from a crisis. What is left are foreign bond holders these will get stung because Chinese government thinks they should know better than investing in trashy companies. Then comes the services and bond holders in China (government will come in last minute to bail out). ![]() ringed fence) to ensure first and foremost that anyone in their population who ordered a property, gets it. Now of that $100 billion, the bulk is internal to China and will be covered by Chinese government (i.e. This means we’re looking net loss of $100 billion when push comes to shove Evergande has $300 billion in liabilities, with $200 billion in assets. ![]() Let’s first have an understanding of the bottom line.
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