Evergrande: How Empty Cities Made CEO's Billionaires | AIER Originals

The Evergrande Group is China's 2nd largest real estate developer. Recently, the company found itself in financial troubles with an array of liabilities and no means of paying back investors. In this video, AIER's Pete Earle explains what circumstances lead up to this legendary case of malinvestment and how China's actions over the coming months will influence markets.

[cliffordharry]

Investment is the stepping stone for success waiting for government to provide is totally waste😄 do something that your future will be thanking you forever <<♥️>>

[TheMrB]

Here in asia they have spent billions building apartment blocks that are unfinished & empty, so they can then say its worth 100 million & keep the stock up borrow yet more money. Wait for the fall, it will be huge

[oscarwindham]

There is another perspective for all of these ghost cities in China and it is that these cities served a more important role than simply creating dwellings; the construction of these cities created jobs for millions of Chinese men in their prime who would have otherwise been unemployed and at the same time it is reported that most of these men had and still have trouble or simply can't find a wife or a girlfriend primarily because of the one child policy that was in place for so long in China and that one child was usually a male since the gender could be determined before birth which resulted in countless female babies being aborted and now they're paying the price, so to speak. So there were these millions of men in their prime that were unemployed and without a woman and a slim chance of finding one and that adds up to disaster in anyone's book so China did the only sensible thing they could do - they built cities. Very shoddy constructed cities and in record time with reports of some of these buildings literally falling down afterward which tells someone who is very familiar with construction that these men knew that these projects were make work projects that weren't necessarily ever meant to be inhabited. The funding is very important to understand as well since a lot of these monies were monetized monies, if the truth were to be known, with monetizing being the same in China as it is here in the United States which is the electronic generation of monies with the exception being that China is credited with "inventing" the modern day version of monetizing and or quantitative easing which, for all practical purposes, are both the same while monetizing, in one form or another, has always been around. I wouldn't be surprised to hear that China will soon have a project started that will entail the demolition of these cities and then rebuilding them again and if it were me, I would have them to be rebuilt to the highest standard and above to where these cities were the most advanced in the entire world and of the greatest quality that would be built to last for hundreds of years with the most futuristic of all concepts and these newer versions will be funded by monetizing as well.

[jamesg]

The population of China is shrinking at one of the highest rates in the world. Fertility rate is 1.3. One child policy. Fast urbanisation, but this is also slowing fast.

[leo]

Evergrande CEO must be responsible for this bubble burst.

[leo]

How to be empty cities happen in China when there are 1.6b people.

[royrubba]

They're gonna need somewhere to put the Taiwanese when they take over the island and make it the biggest military base in the world

[albertdiot]

Real estate is linked with population in next decades halves then what about the Chinese savings ?

[mohansinnapillay]

All this over building is bordered on greed n over ambition. Must pay the price. Inevitable it is.

[PHILLIPLUY]

52 trillions the goliath is still alive and can waliking freely on the street from the crimes he committed.If, average joe of ordinary chinese pple would be executed by firing aquads without mercy.Goliath ccp vs average joe of chinese pple diaries.Heey...chinese pple don't think of an underdog goliath SHE kingpin, just think of confident competitor more than happy to be the many things that the greatest leaders seem ti understand better is that the idea of an underdog comes closer to the rule-a scenario we offen think of as"David VS goliath"or David of Taiwan vs xikingpin goliath of ccp".

[dne]

What a pure propaganda piece. Adorable.

[namelesswarrior]

How many more China collapse videos are the west going to make before they give up. These predictions started in the 80s yet we are just getting stronger by the day! Don't you think that our government have already made contingency plans for such situations? We have been watching the west messing up for years so thanks for the free lessons.

[hkfoo]

China can easily handle 200 evergrande.