Day: September 28, 2021

Because this video got a yellow-icon, we re-upload it after revision. Sorry for the inconvenience! How Evergrande’s 300 Billion USD Debt Was Made | China’s Real Estate Crisis Since 2020, Evergrande’s debt crisis has been like a threatening bomb that could trigger a financial crisis at any moment. Will this large real estate company with 300 billion USD debt become China’s version of Lehman Brothers, or even the first domino that leads to the collapse of China’s economy? Will the Chinese Communist governmen

Financial markets this week wobbled, as Chinese developing giant Evergrande teetered on the brink of collapse, with the firm’s woes compared by some to that of US investment bank Lehman Brothers. China’s second largest property developer has about 1,300 developments across 280 Chinese cities, and has built millions of apartments across the country. It also happens to owe its creditors $US300 billion.

Ever imagined what can happen if a country cannot produce enough electricity for its citizens? Well, the ongoing crisis in China seems to suggest that it can lead to an anti-establishment movement of sorts. Watch this video to know more.