No Minister

Evergrande survives…..for now

Evergrande has made its latest bond payment. Goodness knows where the money came from, probably from Xu Jia Yin personally.

It fits this adage perfectly, “If you owe the bank $100 that’s your problem. If you owe the bank $100 million, that’s the bank’s problem.”

There are far too may vested interests involved to let this fail.

Thousands of empty finished Evergrande apartments in the Luoyang Province.

Written by Nick K

September 22, 2021 at 10:16 pm

Posted in New Zealand

Tagged with ,

One Response

Subscribe to comments with RSS.

  1. As soon as I saw that figure of $300 billion debt I knew they’d entered Too-Big-To-Fail territory.

    You should probably have included this news link from The Straits Times, Evergrande employees in China held hostage as worried investors demand payments

    Tom Hunter

    September 23, 2021 at 10:17 am

Comments are closed.

%d bloggers like this: