Will cause a market crash?

Analysts see China’s real estate market entering a period of stress, but Beijing is moving to stem losses. Likewise, how did Evergrande take on so much debt? This prompted Fitch, an agency that assesses the financial risk of companies, to declare EvergrandeEvergrande was due to repay the interest on about 1.2 billion dollars of international loans on Monday. Is Evergrande a big deal? s a massive real estate empire with millions of homes in hundreds of cities across China. It also has more than $300 billion in financial obligations , hundreds of unfinished residential buildings and angry suppliers who have closed construction sites.The 8 analysts providing 12-month price forecasts for EVgo Inc  The median estimate represents a +17.12% increase from the last price of 12.38.

US real estate properties does own?

Evergrande Group owns 565 million square meters (6,080 million square meters) of land development and real estate projects in 22 cities, including Guangzhou, Tianjin, Shenyang, Wuhan, Kunming, Chengdu, Chongqing, Nanjing, Zhengzhou, Luoyang, Changsha, Nanning, Xi’an, Taiyuan and Qatar WhatsApp Data Guian in mainland China. Will Evergrande affect the US economy? Peter Cohan, professor . Babson College and author of Goliath Returns, told default would not have a major impact on the US economy because it only has $20 billion in US dollar bonds.

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What’s the problem with?

The world’s most indebted developer faces liquidity fears Guatemala Phone Number List in 2020. Evergrande reportedly sent a letter to the Guangdong provincial government in August, warning officials that payments due in January 2021 could lead to a liquidity crisis and possibly defaults. lead to cross-cutting in the broader financial sector. Why did Blink Charging go up? EV charging company Blink rises . It’s been a long week. Shares in electric car charger and service provider Blink Charging rose on Friday, adding to recent gains after reporting third-quarter numbers. Who are  creditors? Evergrande is one of China’s leading lenders for everything from real estate to cars . The company has assets of 2.3 trillion Chinese yuan. Therefore,  equivalent to about $200,000 billion, according to the lender, which has 355 employees.