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Could China's Evergrande Spark the Next Global Financial Crisis? financial crisis



Real estate in China has been one of the main drivers of personal wealth and economic growth over the last few decades. This has driven much higher leverage as developers take advantage of the boom. But some developers have taken it too far with the implicit assumption of a bailout should they need it. However, in the case of Evergrande, it is unclear how their developing failure will be handled by the CCP.

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Could China's Evergrande Spark the Next Global Financial Crisis?

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Could China's Evergrande Spark the Next Global Financial Crisis?
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30 thoughts on “Could China's Evergrande Spark the Next Global Financial Crisis? financial crisis”

  1. It won't spillover to other countries the way the us did, because there isn't nearly as much international investment there. The average Chinese family has 80% of their wealth tied up in real estate. There are about to be a billion new poor.

  2. Good analysis! Just want to add a few specifics to your information: according to a Chinese own research, 96% of Chinese in cities own the properties they live in (usually apartments); 32% of them own two properties; more than 10% of them own three properties or even more. Currently, there are 1.4 billion Chinese, but the existing properties (in units) can already accommodate 3.0 billion people, as a result of 20 years of frenzy constructions. Why the Chinese still buy real estate? First it’s the young people forming their own families; second as you said, they treat real estate as their investment.

  3. Listening to you and other financial experts online, many alert citizens in the Asean countries have started withdrawing their FDs and savings from China owned banks because of the imminent collapse of Evergrande and 1,000s of Chinese banks and other property developers and suppliers who are affected. The stock markets worldwide are beginning to crash. 1,000s of foreign companies have relocated to Vietnam, Thailand, India, Africa. China unemployment will run into multi millions. This will accelerate the run on the China banks. Better be safe. Pull out your hard earned money now. Tell your friends and family members. Just do it.

  4. Thanks for another beneficial video, Joe. btw, when I took real estate classes, they used the term 'effective demand'. One instructor said ineffective demand was essentially 'admiration'.

  5. Great info. I’m cautious of where I invest, plus with China owning so many of not most of the american pharmaceutical companies, I steer away from any of them

  6. In today's trading, the markets were bleeding severely but recovered slightly. Evergrande is already insolvent. In fact, it's been insolvent for years. With a debt of $300 billion down the hole, they will drag down those investors who put their money as well as counter parties involved. A chain reaction will take place just like the 2007 crisis which almost caused a mayor collapse of the whole banking and monetary system. This big developer and real state giant is now holding huge liabilities and holders of bonds to the tune of $19 billion are left to hang. The orgy of real state speculation in China is now imploding. Hundreds if not thousands of apts are sitting empty in mayor cities in China. This shows the degree of interdependence of mayor institutions and has shown the vulnerability of the global economy. This also shows China IS NOT COMMUNIST but rather state capitalism. If it were, it were not be in the mess that it is now. Mao Tzedon is turning over in his grave watching China's economy. Another possibility could have been their shares were under attack by a big hedge fund betting against it or short selling in en masse. Goldman Sachs is notorious for this practice. Marxist economist, geopolitical analyst and sociologist here.

  7. SE Asia uses pre-sales like a Ponzi scheme. China too.
    I've said for years that the people complaining about the US will regret the day that China should become the world's hegemon.
    SE Asian countries are bending over for China and they will surely get what that position invites.

  8. Comparing use of concrete, have you looked into differences in construction styles? Say if the US and China both built a 100 stories building, lets assume same building dimensions, would they both use the same amount of concrete?

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