Not just Evergrande in China that is heading for collapse .....Country Garden ,China's biggest real estate comppany lso looking like it . Big problems here and things are going to happen within the next month or so ....beware all here .
I know that this has been hanging aqround for a very long time .....what's changed is that now China is no longer allowing Ecergrande to restructure debt - effectively contine to kick the can down the road ......if they don't change their minds the company WILLliquidate in a minth or so
I'm not an economist and not about to second guess China either but a heads up anyway...that one company ,$340 billion in debt
if you want the gist of that video conclusions start at 16 min , but even watrching from 20 should make it clear I think .
