Evergrande Fiasco Explained

• If you have been keeping up with ongoing trends, chances are, you have heard of Evergrande and its worsening debt that could hamper global markets. For those unfamiliar with the subject, The Evergrande Group is China’s 2nd largest real estate company in terms of total sales and employs over 200,000 employees. • Evergrande recently come under fire for its inability to pay its huge debt obligations. • One of the biggest hits to Evergrande came in August 2020, when the Chinese government put restrictions in the amount of loans that can be taken by firms, called the ‘three red lines’. This new rule does not allow Evergrande to take on any more debt on its balance sheet. #Evergrande #EvergrandeGroup #realestatecompanyinchina #Kalkinemedia To get more updates about Australia, NZ, UK, Canada and US stock market news, investors education & insights, subscribe our channel at https://bit.ly/3cHKioy Check out our media Website 👉 https://kalkinemedia.com/au Follow us and stay updated on the Go with the Market Charter 👇👇 Facebook - https://www.facebook.com/kalkineau/ Twitter - https://twitter.com/kalkineau LinkedIn - https://www.linkedin.com/company/4829818

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