China's Property Collapse Worsens - Real Estate Developers Slump, Economy Slows, Evergrande Falls

#China #ChinaEconomy #Evergrande

China’s property collapse continued its free-fall this week, as liquidity concerns prompted a selloff of real estate bonds amid a worsening Chinese economy. Concerns over the ability of local governments to pay the interest on Local Government Financial Vehicles (LGFVs) mounted, with many calling for immediate stimulus from China’s government.

With the Evergrande default continuing to threaten China’s real estate market, the fallout is spreading to the healthy real estate developers. Shimao, once considered investment grade, suffered major losses, along with accusations of corporate governance issues, when it moved money between divisions. LGFV concerns also mounted, as a lack of real estate sales may hamper Chinese local governments’ ability to make their payments.

All of this is have a negative effect on China's economy, with many analysts calling for fiscal and monetary stimulus.

Links:

China Property Stocks Plunge Amid Shimao 'Red Flag':

'Fallen Angel' Shimao Shows Fragility of China Property Sector:

Making Sense of China's Economy:

China's Economy Slows as Property Slump Deepens:

China’s Property Crisis Likely Dragged Economy Down in November:

China property market hit by more headwinds in November 2021:

China's property market continued its slump in November as home prices, sales, investment, and construction all fell on weak demand amid Evergrande's debt crisis:

China Seen Adding Fiscal Stimulus After Setting 2022 Targets:

China’s retail sales grow by 3.9% in November — slower than expected:

Shimao is the latest Chinese property developer to worry investors—here’s what’s happening:

China’s property slowdown sheds light on another worrying debt problem:

Evergrande’s Hui Forced to Trim Stake in Defaulted Developer:

EXCLUSIVE China audits Evergrande, chairman's assets, no fire sale for now -sources:

As China Evergrande Teeters, Beijing Steps In:

Shimao move sinks property shares:

JPMorgan Says Shimao Deal Is ‘Red Flag’ Amid Liquidity Concern:

China Hidden Local Government Debt Is Half of GDP, Goldman Says:

Abandoned Projects Shatter Confidence in China’s Home Market:

Fed moves to end bond buying by March, eyes three rate hikes in 2022:

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[Ray-cjzw]

Thanks Mark always informative videos.

[bigfose]

Hi Mark, thanks for the content. What's the correlation between the housing market in China and the one in Canada? Will there be a ripple effect on the real estate market in Canada?

[llyaedy]

Oh ya tempat saya beging mas CIMMC kelantan Malaysia.. propeser no name . Dkp perkampungan saya

[Cleaner]

The party is over folks time to may the bill ..

[llyaedy]

Ya saya betsetuju ..jika syarat yg saya tiada mengangu mentol dan tekanan

[llyaedy]

Terlebih dulu apa yang melibat keratas saya ..syarikat awak bertanggungjawap..no rosak foto..no ganguan siaran...no anti islam..
Jika saya nk kemana takdak halangan
.

[boobalansaminathan]

Mark, can you please post a video on the mandate letter from our PM to housing minister

[llyaedy]

Jika berlaku apa apa masaalah saya tak nak ambiktahu ye...keatas penomtong atau perjabat kerajaan atau syarikat swastar yg tak senang tikah laku rkyat ..awak tanggung sendiri...ok..jika ada sumbangan awak kena sapok ...contohnya sya kena like satu grop mengunakan modal ..awak semua tangujawap ok..

[axeblue]

CSI300 is actually becoming bullish. You should wait a month, so the price really adjusts to the downfall of China's pricing. Still, keep an eye on CSI300, it might reverse while this becomes worse.

[llyaedy]

Hai I no speking ok. ..sya datang sini .sebab saya mendengar china sekarang massaalah ekonomy globar..yg merosok...ok sya akan menziarah pada rakyak tempatan ..untuk pulihkan ekonomi..kita bermain hiburan tik tok.ok ..tpi apa masaalah tanggung sendiri ye..

[Hoerle]

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