Tag Evergrande

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China’s Real Estate Market Faces Serious Downturns

After various giants in the construction industry in China, such as the Evergrande Group, had to report defaults last year, it has become quiet in the mainstream media about the industry. But the topic is anything but over, at least…

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Why China’s Real Estate Market Matters After All

When China stumbles, the world falters, as everyone has noticed since the beginning of the COVID pandemic. Supply chains were interrupted and important medicines and hospital equipment could not be delivered. It rules through the complete world the big chaos.…

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Evergrande will Continue to Deliver Housing Units

On Sunday, China Evergrande Group submitted its first progress report on the resumption of construction work. The company’s president pledged to deliver 39,000 real estate units in December. This is 10,000 units less than the previous 3 months. Evergrande is…

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Evergrande Now “Restricted Default”

Now it’s happened, the Chinese construction giant Evergrande has now declared a default. The rating agency Fitch Ratings has now classified the giant as “restricted default” and ends months of rumors about the construction companies in China. YTD, the stock,…

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Defaults in China Continue

So now it’s happened, construction giant Evergrande failed to meet an expired payment deadline on Tuesday. The failure to pay for some U.S. dollar bonds raises the risk of a massive default by the giant. Meanwhile, the next construction company…

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China’s Construction Dominos Fall One After Another

From small to large, the construction giants in China are slowly collapsing. On Monday, Sunshine 100 China Holdings Ltd. announced its inability to service its $170 million debt. The Hong Kong-listed company dropped a full 44.1% to start the week…

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China’s PMI falls in September

China’s manufacturing index fell below 50 in September to 49.6, down from 50.1 the previous month. Power outages and more activity in reducing carbon emissions are cited as the reason. In recent months, the Chinese government had put steel producers…

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Evergrande – just a matter of time?

How things will continue with the real estate giant is still unclear. Evergrande remains silent about the payment of the foreign bonds. The last due payment of $47.5 million to foreign creditors has not been made, according to information. Thus,…

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Evergrande continues to worry investors in Asia

The Evergrande debt crisis continues to unsettle Asian investors as the future of the heavily indebted real estate developer remains uncertain. Concerns grew when China’s second-largest real estate developer failed to pay interest payments due from overseas bondholders.Evergrande now has…

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