US News Evergrande does not pay and is silent

21:25  24 september  2021
21:25  24 september  2021 Source:   de.euronews.com

Evergrande: Anger rides in China against the National Real Estate Giant

 Evergrande: Anger rides in China against the National Real Estate Giant © Pixabay Evergrande: Anger rises in China against the National Real Estate Giant Evergrande's Deck Attack the anger of Chinese buyers, always Looking forward to their good. "Make the money!" : The discontent of spoliated owners widening Wednesday, September 15th in China against the Evergrande National Real Estate Giant, whose financial health continues to worry.

of the highly neglected Chinese real estate company Evergrande has lit the deadline for a pending interest payment of 71.3 million euros in silence. The company had previously stated to pay creditors in the form of real estate. But that too did not happen. Now starts a 30-day period.

China © AP China

The fear of the threatening bankruptcy has been spoiled again. Prompt, the share broke 12 percent.

EverGrande has accumulated debts from converted 360 billion euros, investors fear a complete default. Evergrande has to raise money to pay banks, suppliers and bondholders on time.

Hope for state aids for Evergrande owes

 Hope for state aids for Evergrande owes Hong Kong (Reuters) - in China, the doubts grow that the Chinese real estate giant Evergrande can count on state support. © Reuters Archives: Exterior view of the China Evergrande Center in Hong Kong, China, March 26, 2018. Reuters / Bobby Yip For the first time, a comment appeared on Friday in a state-owned medium, which described an intervention of the government as unlikely. Author was Hu Xijin, editor-in-chief of the Boulevardezung "Global Times".

experts fear that a collapse will definitely have serious consequences for the Chinese financial system.

Threatening collapse of the Chinese construction company Evergrande

Evergrande is one of China's largest construction companies and has 1300 projects in 280 cities at the moment.

more than 200,000 people are employed at Evergrande and 3.8 million jobs in the construction industry are hanging on Evergrande.

also with respect to another 40.5 million euros interest, which would have to be paid next week, Evergrande did not comment.

China buys more golden a snowball effect on the banks .
© Pixabay China buys more gold, Evergrand has fears a snowball effect on banks the risks associated with disaster Evergrande encourage Chinese to buy gold, worth refuge par excellence. in China, the Evergrande Devocations - and the risk of major benefits at different levels (real estate, growth, banks ...) - Integrate individuals to buy refuge values, such as gold .

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This is interesting!