This is the first default for the Chinese real estate giant Evergrande, strangled by an abysmal debt of around 260 billion euros. HECTOR RETAMAL / AFP This is the latest twist in the real estate crisis in the world’s second-largest economy. At a time when their financial health worries the markets, two Chinese real estate … Read more
By Simon Leplâtre Posted today at 01:03 Reserved for our subscribers ReportageThis mega-complex which was to accommodate apartment buildings, shops and amusement park is at a standstill, like most of the promoter’s projects in difficulty. An example of the real estate bubble which is inflating in the country. Sitting around small round tables, Evergrande’s real … Read more
EUROPEAN SCHOLARSHIPS ARE EXPECTED TO INCREASE AT OPENING by Laetitia Volga PARIS (Reuters) – The main European stock markets are expected to rise Friday at the opening after the record set the day before by the S & P-500 and the advance of Asian markets, taking advantage of at least temporary relief in the Evergrande … Read more
The Evergrande Center building in Shanghai, September 22, 2021. HECTOR RETAMAL / AFP Evergrande is currently avoiding payment default. The ultra-indebted Chinese promoter, whose bankruptcy could shake the country’s economy, made a payment just before a deadline, state media announced on Friday (October 22nd). The real estate group, one of the largest in China, is … Read more
Published: 28 sep 2021 13:59 GMT Although the government does not plan to intervene directly, in this way it seeks to avoid a financial crisis in case the company collapses. Chinese authorities aim to prevent Evergrande’s collapse from causing a financial crisis largest in the country, prompting state-owned companies and government-backed real estate developers to … Read more
Evergrande group offices in Shanghai, September 24, 2021 in China (AFP / Hector RETAMAL) China’s crusade against real estate debt threatens to overthrow the ultra-indebted developer Evergrande, at the risk of bursting the bubble that has been inflating in the sector for more than 20 years. The Chinese Communist Party (CCP) derives its legitimacy from … Read more
Iron ore, at the port of Qingdao, in eastern China, in October 2019. STR / AFP Raw materials. The shadow of Evergrande hangs over the markets. The Chinese real estate giant is faltering, and investors are holding their breath. Will fall? Will not fall? The price of iron is suspended from this question. Trained in … Read more
WALL STREET OPENS DOWN PARIS (Reuters) – The New York Stock Exchange opened lower on Friday, weighed down by the rekindling of uncertainties over the fate of Chinese real estate giant Evergrande, which is urging investors to be cautious. The Dow Jones index lost 77.48 points, or 0.22%, to 34,687.34 points and the Standard & … Read more
The Evergrande Cultural Tourism City real estate project, whose construction is at a standstill, in Suzhou (Jiangsu), in eastern China, on September 17, 2021. VIVIAN LIN / AFP For several days, the eyes of the financial world have been turned towards China, and more precisely towards Evergrande. Markets and investors are wondering: what fate does … Read more
Acque sempre più agitate per Evergrande, l’indebitatissimo gigante immobiliare cinese a rischio crack. Nell’ultima seduta alla Borsa di Hong Kong il titolo ha perso il 3,8% precipitando sui minimi da 10 anni. Rispetto allo scorso venerdì la quotazione ha perso il 30% e nei confronti di un anno fa, la flessione è dell’87% abbondante. A … Read more