Tag: evergrande
UBS Fund Managers Resign Amidst China’s Property Crisis
The ongoing property crisis in China is pushing many investors into losses. A US$3 billion fund at UBS...
China Dismantling Evergrande From Within to Avoid Worst Case Scenario
China’s Evergrande Group, with on the books liabilities in excess of US$300 billion is on the brink of...
Beijing Asks Evergrande Founder to Use His Money to Pay Back Company Debts
Chinese authorities have asked the founder of Evergrande, billionaire Hui Ka Yan (also known as Xu Jiayin...
Housing Prices Fall in Chinese Provinces, Sector in Trouble
Many Chinese provinces are witnessing a decline in housing prices, something that has happened for the...
China’s Third Quarter GDP Falls Below Expectations, Weakest Growth Rate in a Year
China released its third-quarter GDP numbers and the results are lower than market expectations. According...
Chinese Developers Showing Sign of Weakness Amidst Evergrande Crisis
For the past few months, Chinese real estate firm Evergrande has been one of the focus points of the...
Evergrande Crisis Could Cause a Damaging Domino Effect While Powerful CCP Families Profit
On Sep 22, in an attempt to assure concerned western investors, the Evergrande Group announced that it...
Power Cuts, Coal Shortages and Evergrande Failure Threatening Chinese Economy
China is facing an acute power crisis, something which can have a severe impact on one of the biggest...
S&P Ratings Warn Evergrande Might Not Receive Support From Beijing, Worrying Investors
S&P Global Ratings has warned that Chinese real estate company, China Evergrande, which is currently...
Evergrande Fails to Pay $83.5-Million Interest Payment
Chinese real estate giant, Evergrande, has failed to pay off its interest payments due on Sept. 23, deepening...
Last-minute Debt Deal Keeps Evergrande Afloat, but Crisis Is Far From Over
The Evergrande Group has struck a last minute deal to avoid defaulting on a bond payment worth an estimated...
China’s Evergrande Conglomerate Reels Under Payment Issues, Threatening Chinese Economy
China’s real estate giant, Evergrande, is teetering on the brink of bankruptcy, unable to service its...