China’s real estate is beyond redemption/$12.3 trillion debt is about to pop: CCP arrests the bosses
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Shares of embattled developer China Evergrande Group plunged as much as 25% the day after police detained some staff at its wealth management unit on Sept 16. It suggests a new round of investigations that could add to the property company's woes.
Evergrande, the world's most indebted property developer, is at the center of a crisis in China's real estate sector. It has seen a string of defaults since late 2021 that have rattled global markets and sparked fears of contagion. Trading in the company's stock was suspended for 17 months until Aug. 28, 2023.
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Видео China’s real estate is beyond redemption/$12.3 trillion debt is about to pop: CCP arrests the bosses канала China Insights
Shares of embattled developer China Evergrande Group plunged as much as 25% the day after police detained some staff at its wealth management unit on Sept 16. It suggests a new round of investigations that could add to the property company's woes.
Evergrande, the world's most indebted property developer, is at the center of a crisis in China's real estate sector. It has seen a string of defaults since late 2021 that have rattled global markets and sparked fears of contagion. Trading in the company's stock was suspended for 17 months until Aug. 28, 2023.
Have questions? Do you have something to share with us about China? We want to hear from you!
Email: Cinsights.subscription@gmail.com
Facebook www.facebook.com/EyesOnChina.
Your support allows us to produce more high-quality videos.
Consider donating at https://www.paypal.com/paypalme/ChinaInsights
Copyright @ China Insights 2021. Any illegal reproduction of this content in any form will result in immediate action against the person(s) concerned.
Видео China’s real estate is beyond redemption/$12.3 trillion debt is about to pop: CCP arrests the bosses канала China Insights
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