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

by QWebkmnkbcWEEr



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 comments

Stephen Powstinger 22/09/2021 - 7:34 Chiều

so immigration is shoring up our DEMOGRAPHICS? Brother, you missed the meaning of that statistic.

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Zachary Atkins 22/09/2021 - 7:34 Chiều

When is the due date for "Doom Day"

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Felony Videos 22/09/2021 - 7:34 Chiều

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.

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jjmmggdd 22/09/2021 - 7:34 Chiều

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.

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Priti Pricklee 22/09/2021 - 7:34 Chiều

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.

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David Chiumera 22/09/2021 - 7:34 Chiều

Just a friendly suggestion, talk slower and you'll probably get an uptick in subs 😉

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League of Legends eSports 22/09/2021 - 7:34 Chiều

Nice video

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Debbie Hanisch 22/09/2021 - 7:34 Chiều

China builds like they make…cheaply.

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Debbie Hanisch 22/09/2021 - 7:34 Chiều

China ownes half of Vancouver stategic

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James Toh 22/09/2021 - 7:34 Chiều

US debt crisis is coming, will be worse than 1929, n will drag the whole world down with it

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doomicle 22/09/2021 - 7:34 Chiều

Pop!

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Holden Mulwray 22/09/2021 - 7:34 Chiều

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'.

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Andrew Litchmore 22/09/2021 - 7:34 Chiều

Great content, I first watched this a few days ago… crazy to see what is happening now in the markets

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Eli 22/09/2021 - 7:34 Chiều

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

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W An 22/09/2021 - 7:34 Chiều

@12:01 “We can be retarded longer than you can stay solvent” -WSB Apes 2021

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John Botero 22/09/2021 - 7:34 Chiều

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.

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T D 22/09/2021 - 7:34 Chiều

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.

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D7Seven 22/09/2021 - 7:34 Chiều

talk about a bubble this shit is beyond crazy

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Joseph Clements 22/09/2021 - 7:34 Chiều

Seems like it's hit. Should I buy the falling 🔪?

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xual235 22/09/2021 - 7:34 Chiều

What a great presentation

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Art Maknev 22/09/2021 - 7:34 Chiều

Isn't the land also leased in Capitalism? You can build a house, but you don't own the land, have to pay property tax.

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Daniel Grubb 22/09/2021 - 7:34 Chiều

Why would anyone make a long term investment in real estate they don’t own? I’m not afraid of these people.

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Big Balla 22/09/2021 - 7:34 Chiều

And as you see today, ITS BEGINNING!!

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xorinox 22/09/2021 - 7:34 Chiều

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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Jonathan Brotto 22/09/2021 - 7:34 Chiều

Bail out like 2008

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Ayman Badawi 22/09/2021 - 7:34 Chiều

So the US is even more sociallist to rich then even communist china. How ironic.

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ec self 22/09/2021 - 7:34 Chiều

Are you really thinking Leihmann Bros? You don't think this could be a Bear Stearns moment?

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Randy Romano 22/09/2021 - 7:34 Chiều

OMG, this is just governments moving around chess pieces, its just a game

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ColeTrain Tech & Games 22/09/2021 - 7:34 Chiều

I heard it from you here first!

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Justin Morrow 22/09/2021 - 7:34 Chiều

I hope Bitcoin, Ethereum, and other cryptocurrencies RISE up before the global crash come

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