Please enable JavaScript.

Coggle requires JavaScript to display documents.

[W7] CHINA'S ECONOMY, PROFESSIONAL WORDS, EVERGRANDE2, [G2] Weylia,…

- - - - people's confident take a nosedive
      - slowed customer spending
      - a quick, sudden lockdown
      - the run movement
      - affect the global business relation
  - - - lower household wealth
      - lower consumption
      - downward pressure on the economy
    - - WHAT IS EVERGRANDE?
        
        was once China's top-selling property developer
        
        listed in Hongkong, Shenzhen
        
        owns more than 1,300 projects in more than 280 cities” across China
        
        have business in other fields
      - WHY IS IT IMPORTANT FOR EVERGRANDE TO NOT FALL?
        
        could trigger wider risks
        
        hurting homeowners & broader financial system
        
        has a huge global impact
        
        several major developers have also sought protection from creditors
        
        thousands of angry homebuyers threatened to stop paying mortgages and stages a protest
      - HOW IT RUN INTO TROUBLE?
        
        owes money to more than 128 banks and about 121 non-bank institutions
        
        Evergrande’s debts ballooned as it borrowed to finance its various pursuits.
        
        has many debts reaching $300 billion
      - HOW IS IT TRYING TO MOVE FORWARD ?
        
        the money will likely be used to settle its debts
        
        brought on financial advisers
        
        exploring “all feasible solutions”
- - - - 20:1 to 30:1