Business
China Evergrande Faces Biggest Payment Test Yet
China Evergrande Group faces its biggest test. The troubled property developer has to make coupon payments totaling $148.1 million for three dollar bonds before the end of 30-day grace periods Wednesday. Evergrande missed the initial interest deadlines last month. Stephen Engle reports on “Bloomberg Daybreak: Australia.”
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@bankfinanzas6348
January 14, 2024 at 5:31 pm
greetings from PERU the Group EVERGRANDE It is just a political issue, not so much an economic one. The Chinese government will inject aid sooner or later.
@AR-scorp
January 14, 2024 at 5:31 pm
Xi Xing is turning back China to old communist regime. Soon all private companies worth some value will be part of govt.
Great going. Keep it up.
@matthewpoteet8876
January 14, 2024 at 5:31 pm
German bondholders say its fake news that they are paying . They hold the bonds and have received no payment. China owns the media. The media can not be trusted on this issue.
@user-nf7gt6wb9x
January 14, 2024 at 5:31 pm
恒大一跨台完都完了 1.8万亿的欠款
@YouTubecensored
January 14, 2024 at 5:31 pm
This will not make it going broke
@julesgiddings8747
January 14, 2024 at 5:31 pm
Absolutely non the wiser!
@imeldomarcos4126
January 14, 2024 at 5:31 pm
U guys really need to move on from fud.
@anilrai6918
January 14, 2024 at 5:31 pm
Nothing is too big to fail. Chinese government should not bail out these dying corp. look at america and how much it is costing tax payer money to keep those dying corps
@edwillich1339
January 14, 2024 at 5:31 pm
There is nothing to support any payments have been made. This is just another CCP propaganda con job and US media is parroting what the CCP and financial institutions wants them to say. Just like the virus. Pathetic! True journalism is dead and the financial market is a huge Ponzi Scheme. It doesn't matter because this shit storm is coming whether they like it or not. Get your money out of the banks and buckle up.
@susanturner8457
January 14, 2024 at 5:31 pm
Buy commie shares and bonds ! what could go wrong!
@chx4eva
January 14, 2024 at 5:31 pm
Xi Jinping is crashing everything. He crashed bitcoin, Alibaba, Didi, tech companies, banks, now he's into real estate. He's just flexing his dikk trying to show all Chinese billionaires who's boss 🙄 meanwhile crashing the economy, obliterating hong kong, macau, next he has his dikk set on Taiwan
@stuart4860
January 14, 2024 at 5:31 pm
look for the government to purchase take large equity in most of these companies that are on the verge, the real estate market is mad in China and it needs to be frozen for 4-5 years. even when they arrest and execute people, it doesn't stop the next guy
@djcoded
January 14, 2024 at 5:31 pm
Bitcoin solves this
@racmir5588
January 14, 2024 at 5:31 pm
Evergrande has made no payments, none!
@jefthe1
January 14, 2024 at 5:31 pm
China is a Zombie economy at this point
@toddm6999
January 14, 2024 at 5:31 pm
Japan's real-estate bubble of the 90's oh how history repeats itself….this Chinese fail is un recoverable. Just like in Japan.
@bloedblarre
January 14, 2024 at 5:31 pm
Coupon repayment schedule: Dec 28 – $255.2m, Jan 22 – $117.5m, Jan 24 $235m, Feb 14 $2.1m, Mar 23 $2.1 BILLION, Apr 11 $1.5 BILLION. Tits up. China will not repay US debts back, no recourse for American investors and in return war between the US and China will ensue. Welcome to world war 3. Thinking of going long Bombardier, Raytheon, Lockheed.
@jerichosharman470
January 14, 2024 at 5:31 pm
Ok if a math or company is paying with coupons that’s a sign they’re screwed
@jerichosharman470
January 14, 2024 at 5:31 pm
Ever grande is paying with coupons ?
@greatndit
January 14, 2024 at 5:31 pm
Evergrande still has about 3 billion USD
Their debt is 300 billion usd
For now they will pay , but sooner or later they will run out of money
@HelptheBroncos
January 14, 2024 at 5:31 pm
Sooooo…..expect another '08 next year ?
@edgardoromero9607
January 14, 2024 at 5:31 pm
What is the big problem? All the assets of Evergrande will be to pay its debts and then the buildings or other construction projects are sold, the company will disappear but many directors and owners of the company will end up in jail !!!
@dumbmoneyape9946
January 14, 2024 at 5:31 pm
“ITS HAPPENING “
@xrp-ben2723
January 14, 2024 at 5:31 pm
Defaulted. Hello System.
@TARGINO83
January 14, 2024 at 5:31 pm
Não entendi nada.
@kushkingla7385
January 14, 2024 at 5:31 pm
So the answer is to give more money to people that made bad decisions.
@johnlee1876
January 14, 2024 at 5:31 pm
Too bad it didn't really default. I wanted that Chinese government to be destroyed!!!
@Hooyahfish
January 14, 2024 at 5:31 pm
Are U.S. houses about to go on clearance?
@bradmackie3476
January 14, 2024 at 5:31 pm
Come on America (private investor) bail them out. Capitalism and greed must survive
@armchairwomanmao2922
January 14, 2024 at 5:31 pm
"Junk borrowers" …
@FEELGOODGREEN
January 14, 2024 at 5:31 pm
BITCOIN IS HERE 🚀
@F_P_
January 14, 2024 at 5:31 pm
AMC to the moon, bring on the crash!
@patrickdidier5938
January 14, 2024 at 5:31 pm
USA (Bloomberg) you have enough to clean up in your own country without pointing fingers on others……!!! Evergrande is not the end of the world !
@cruzmanakajolonar3717
January 14, 2024 at 5:31 pm
Ha! They defaulted! Shit!
@e.sanoop110
January 14, 2024 at 5:31 pm
If the chinese govt were to bail out Evergrande, how many more indebted companies and industries can they really afford to bail out? Guys bailouts only causes problems in the future, its never a permanent solution to anything. Period😶🙄🙄😶
@AKGamer-xk3eo
January 14, 2024 at 5:31 pm
so whether its capitalism or communism the politics win always kill the economics of the region
@JohnSmith-ps7hf
January 14, 2024 at 5:31 pm
Karma will catch up with china.
@philhampton9094
January 14, 2024 at 5:31 pm
Whether it's dems or reps or libs or whatever, the "government" doesn't look out for the masses.
You need to work on securing yourself financially.
@MrBoliao98
January 14, 2024 at 5:31 pm
Honestly, he will be able to pay, China wouldn't let him not pay, and he is not going to give up his Real Estate empire in China.
@benfranklin9519
January 14, 2024 at 5:31 pm
Evergrande is still not bankrupt as Bloomberg has been predicting? Why?
@findingmo7049
January 14, 2024 at 5:31 pm
The slow motion contagion. The writing is on the wall… why would anyone think there is any little hope for the Chinese developers to turn around the real estate market in China with all the mess they got themselves into? It’s a con move to keep their bond holders guessing that they will receive the payments, specially in USD.
@MrZozue
January 14, 2024 at 5:31 pm
Time to start Operation Crash and Print !!!
@frenchfrenzy1167
January 14, 2024 at 5:31 pm
Happy to help
@stayprepared2388
January 14, 2024 at 5:31 pm
Who dare to ask evergrande to pay anything ? China police already activated.
@khaoscip1234A
January 14, 2024 at 5:31 pm
Dollars bond, pay, bond, dollars bond, default, bond, junk, default, junk bond
@okladood-adam2564
January 14, 2024 at 5:31 pm
Just pull the plug, not worth keeping the company on life support.