Concerns grow over China's Evergrande crisis

China's Evergrande crisis is taking an increasing toll on financial markets. From Hong Kong to Europe to the United States, investors are worried the indebted property group will default and that the spillover will destabilise an economy that is already under strain.



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[CRAZYCRTC]

When a whole nation plays Monopoly over decades. The game always ends in tears

[teslabullsingapore]

I've watched so many rich folks collapsing with a common reason, heavily leveraged. Don't take the margin that you can't afford. That's not investing, that's gambling.

[jeoferyyeo]

Our singapore big three banks. we wolud like to know their exposure to China Evergrande crisis.

[JJ-iusr]

Chinese Govt should let it collapse, don't bail it out. A country's economy driven mainly by private property developments is unproductive and lead to moral hazards. Homes should be built for stay, not for speculation. HK is a classic example. China should focus on engineering, science, technology and research. These create real jobs, not bubbles.

[oldlee]

Arr! Sg government encourage Singaporean to invest in china somemore!

[seetohkiong]

wonder any sovereign funds exposed to this crisis

[bobafett]

*Remember that Suzhou Industrial Park ?? And now what happens to our Hyflux ??*

[hgyag]

Each time I watch youtube, ad pop up showing people making a lot money through property investment.

It is another evergrande things?

[snuffle]

Who pays the suppliers who have delivered products and will be asked to supply more for the 1.5 million unfinished units. And the sub-contractors that have put in hundreds of thousands hours and owe their workers and will be asked to put in more labor to finish those 1.5 million unfinished properties. And raw material suppliers who furnish steel, aluminum, plastics, cement copper wiring, pipe. Big down stream bunch that want a guarantee not just from Evergrande but every other real estate conglomerate. If you turn over these unbfinished properties to the area governments where will they get all of the above to finish those properties. And who will sort out what? You have wealth management investors getting properties that might have been down paymented by buyers. Hypothecating a property. That won't go over well.

[cholesterol]

Everyone needs to raise funds. Thats why us pulled out their troops while sg leasing properties for development.

[jovimathews]

300 billion dollars just disappears? Maybe, finally they’ll ask US for help

[RyanVJones]

Now is the time for cool heads and caution

[yongchenseng]

China house can not buy la …. See what happen .

[AlgoNudger]

Is Evergrande gonna be like Covid scenario?! Started from China then finally ends up affecting global financial system?! 🤔🔥

[garygarside]

all we need now is for joe biden to come out and say there is no way the chinese market can effect the global market, and bam the global market meltdown will happen

[stevenlee]

China Goverment:You borrow, borrow all the times, this time we not gonna to bail you out, you are on your own
Evergrande:😭😭

[dayinzheng]

cn:dont worry we have enough money to get over from it

[stevepailet]

Many in the US have been saying stop investing in China. There are going to be some big investors, pension fund and hedge funds, who are going to be hurting.. The derivatives are the ones who are really hurt. That said there is not much that can be good for those who put all of their money into buying a condo

[ericphua]

Soro waiting to short this. Cut loss and run for cover before it too late..
1997 💣💥💣💥 👀

[liar-liar]

Overseas Chinese need to bail out motherland