You nailed it in 2022, when you foretold of the Chinese real estate developer Evergrande collapse. Tell us more.
You nailed it in 2022, when you foretold of the Chinese real estate developer Evergrande collapse. Tell us more.
- Actually we ‘nailed it’ in 2021 when we told you about this and other collapsing Chinese companies building in London and LA. Revisit issue No 64! An excerpt:
- Chinese developer woes are crushing Chinese and emerging market high yield debt. Typical China problem. Companies do not report losses…that is why it waits until a big crash forces the report. Surprise!
- Evergrande, which has more than $300 billion in liabilities and 1,300 real estate projects in over 280 cities – means that cities like London will see their real estate markets (likely) get under pressure as it cannot finish projects.
Nothing more to tell, Empty cities, crashing economy, a 40% decline in its stock market… China is in depression. However, money will continue to try and flee and some of it will find its way here!