Evergrande Is Collapsing – Will Not Make Its Massive Debt Payments – 5 Times Bigger than Lehman Brothers

This is really scary.  These are big numbers that may affect the entire world.

Hong Kong real estate holding company in China, Evergrande, is in dire straights.  This company has $300 billion in debt and it is unable to make its payments.  [After living in Hong Kong the past decade, my hunch is that Evergrande is not the only company unable to make debt payments on real estate in China.]

EXCLUSIVE: The Beginning of China’s Economic Collapse? Largest Issuer of China’s Commercial Paper, Evergrande, Is Facing Bankruptcy, Entire World Economy Likely Impacted

A couple of days ago we warned that Evergrande is preparing for bankruptcy.

Hong Kong Behemoth in China Real Estate Readying for Bankruptcy – Is This the Beginning of a Massive China Real Estate Crash?

 » READ MORE