Updated about 4 years ago on .
Evergrande: Debt Crisis
Evergrande, a Chinese company that is largely associated with real estate development holds $300 billion in debt that cannot be paid off. Majority of the companies assets are held in real estate which as we all know is fairly illiquid.
Is this China's version of Lehman Brothers? Will China bail them out? How will this affect U.S. markets? Already we're seeing some fear in the market as stocks and crypto turn.
In the long run, who is going to be at fault and liable for this? And more importantly, who is going to lose big from these risky investments? Would love to gain more intel from those who are well versed in this area. Thanks.