This is really scary. These are big numbers that may affect the entire world.
Hong Kong real estate holding company in China, Evergrande, is in dire straights. This company has $300 billion in debt and it is unable to make its payments. [After living in Hong Kong the past decade, my hunch is that Evergrande is not the only company unable to make debt payments on real estate in China.] EXCLUSIVE: The Beginning of China’s Economic Collapse? Largest Issuer of China’s Commercial Paper, Evergrande, Is Facing Bankruptcy, Entire World Economy Likely Impacted A couple of days ago we […]
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