https://www.youtube.com/watch?v=61PoLuQw2ao
The Evergrande debt crisis in China, with over $300 Billion in outstanding debt. This threatens to crush the Chinese economy, especially the real estate sector, and ripple out into other financial markets, including the United States. I give you the full Evergrande crisis story on their debt, what is going on, the missed debt payments and what could happen to the US Housing Market if the Chinese market crumbles. Evergrande's stock has dropped more than 85%, causing massive panic with fears of a market crash. Instagram: @RealHaydenBowles
My Agency: https://www.ecommseason.com/agency SUBSCRIBE To The Channel ► http://bit.ly/2n37hkL Evergrande was founded in 1996, by Hui Ka Yan in Guangzhou China. over the past 25 years, they have accumulated over $300 Billion worth of debt across their different sectors. They primarily develop raw land, building residential real estate for China's growing economy and strong housing demand. However they have branched out in the electric car business, bottled water, food/dairy, them park, owning a soccer team and many other ventures. They currently employ around 200,000 people. So there is no doubt that Evergrande going bankrupt would drastically impact the economy in China. If you are investing, in the stock market or have debt on real estate, then this is something you should be aware of. The ripple outcome of this could be drastic. I do not believe we will see a crash in the US, but this is no doubt going to impact many people & financial institutions. It's a crisis. —– —– *Disclaimer* I am not in any way a certified financial advisor, nor do I pretend to be one. Any information or advice I give you on any social media platform is simply my opinion based on my own experience and research. There is no guarantee on anything due to the fact that there are many variables in your success. This is for entertainment purposes only.