Did American Investors Believe Evergrande would be China’s Lehman Moment?
The Lowe Down
DECEMBER 22, 2022
On September 22 nd , 2021, Chinese real estate giant Evergrande failed to meet a coupon deadline totaling $83 million of bond interest payments. Evergrande has become highly leveraged through this strategy, with firm liabilities totaling 2 trillion RMB ($287 billion) in 2021 equaling 2% of China’s GDP. . Article by Katie Chen.
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