Electric cars are another headache for the Chinese real-estate giant caught in a liquidity crisis
Shares of Chinese property developer #Evergrande are down more than 10% ahead of major debt payment deadlines later this week. The Hang Seng is tumbling and U.S. futures are down more than 500 points. @onlyyoontv reports:
Chinese Property Developer Sinic Halts Trading After Sinking 87%
The Chinese government may work behind the scenes to ensure banks work on debt restructuring, and will try to avoid any significant spillovers that might occur with an Evergrande default, says Sian Fenner of @OxfordEconomics .
Asian Americans are VERY angry at what China has done to our Country, and the World. Chinese Americans are the most angry of all. I don’t blame them!
For the people that are now out of work because of the important and necessary containment policies, for instance the shutting down of hotels, bars and restaurants, money will soon be coming to you. The onslaught of the Chinese Virus is not your fault! Will be stronger than ever!