The Watchman On The Wall

The Watchman On The Wall
Eph 6:12 For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places. Verse 13 Wherefore take unto you the whole armour of God, that ye may be able to withstand in the evil day, and having done all, to stand.

Friday, September 9, 2022

How a collapse at Chinese realty giant Evergrande could hit global markets Sept. 9, 2022

 


Sep 9, 2022 One of China's largest real estate developers, Evergrande

employs lots of people. Concerns over inability of the real estate giant to pay interest on debt obligations. Lenders of Evergrande have reportedly appointed a receiver to seize the Hong Kong HQ. Apart from housing, the group invested in electric vehicles, sports & theme parks. Evergrande debt spiralled over the years as it borrowed to finance various pursuits. A key pillar of the Chinese economy, property demand entering a period of decline. China's new rules on how much developers can borrow dealt a big blow to Evergrande. The Xi Jinping regime knew the new rules would hit heavily indebted developers. Evergrande, relying on borrowings, was forced to sell assets at discounts.

https://www.youtube.com/watch?v=VHuhriiMiVg



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