China`s economic model is based on real estate investment to drive growth. 20 Mil apartment buildings per year.
China`s residential property is 20% of GDP every year. Too much!
Real estate activities in China close to 30% of GDP every year. Huge!
Chinese Government is Bashing the private sector, look at GOTU and BABA for example.
Evergrande, second largest property developer in China has more than $300 billion in debt!
Evergrande has $83.5 million interest payment Sept. 23 and a $42.5 million payment on Sept. 29
Failure to to pay in 30 days can put Evergrande in default.
Today Evergrande has a Market Cap of 30.099B! At its peak, Evergrande was traded 13.5X higher!
Evergrande’s potential debt blowup can send shock waves through financial markets!
Today was just the beginning.
China`s residential property is 20% of GDP every year. Too much!
Real estate activities in China close to 30% of GDP every year. Huge!
Chinese Government is Bashing the private sector, look at GOTU and BABA for example.
Evergrande, second largest property developer in China has more than $300 billion in debt!
Evergrande has $83.5 million interest payment Sept. 23 and a $42.5 million payment on Sept. 29
Failure to to pay in 30 days can put Evergrande in default.
Today Evergrande has a Market Cap of 30.099B! At its peak, Evergrande was traded 13.5X higher!
Evergrande’s potential debt blowup can send shock waves through financial markets!
Today was just the beginning.
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RESULTS www.bit.ly/topgx
1%/DAY: bit.ly/3F56VTW
BYBIT partner.bybit.com/b/37880