China’s Economy is Not in Good Shape. Evergrande’s Inability to Make Payments Is a Symptom.
China’s economy is not in good shape and others are finally starting to take notice.
We reported that China’s economy was not doing well right before COVID-19 was released in China on the world population.
The coronavirus sabotaged economies around the world but China wasn’t immune. Its economy too was negatively impacted. Now China is facing a severe economic downturn related to its property overdevelopment. The world’s largest debtor, Evergrande, is unable to pay its debt. Again, today this made the news.
China Evergrande Group passed another debt deadline with no sign of payment,
