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Getbig Main Boards => General Topics => Topic started by: IroNat on September 24, 2021, 11:58:26 AM

Title: One of China’s largest property firms Evergrande has debts of more than $300bn.
Post by: IroNat on September 24, 2021, 11:58:26 AM

Are the dominoes about to fall?

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https://www.aljazeera.com/program/inside-story/2021/9/24/will-china-rescue-the-troubled-property-group-evergrande

"Fears that one of China’s biggest property developers could default on its debt are rippling through global markets."

"The firm's woes have been compared to the collapse of Lehman Bros. Group in the U.S. that preceded the last world financial crisis in 2008."