What does Evergrande debt crisis and 'health' of Chinese real estate sector mean to Australia, which have a lot of revenue sources depending on trade with the second largest economy in the world? Investors Worried China's Evergrande Group may collapse with a debt of about 400 billion USD. (Source: ABC) According to the article Published on October 7 of the author David Taylor on Australian ABC, the financial markets are still afraid of the future of Chinese real estate giants Evergrande, despite weight The mind has changed. Last month ago, there were many concerns that the global economy could enter a debt crisis due to the collapse of this second largest real estate developer in China. If Evergrande collapsed, other Chinese real estate developers will be affected, creating a credit crisis in China, threatening to both Europe and the US. Asking a question about "Health" of the field of Chinese real estate means to Australia, a country depends heavily on trade with the world's second largest economy
. Another important question Also mentioned, that is: How Australia can achieve sustainable and strong economic growth without trading with China? There will be evil crisis Its Global Global? Evergrande's debt crisis begins to start earlier this year, when the Chinese government requires a number of large real estate developers to restrain their debts. The Group is announced that if they do not respond to one, two or all three "red boundaries" on debt, the government will set limits on the debt level of businesses. The crisis moves to the end of the last month before Evergrande Cannot pay some debts
The global financial markets clearly saw that Evergrande has relied too much on debt to grow. The person feared that if Evergrande default, in the worst case, it could lead to the reduced real estate price, the house Investment and customers removed from the market. At that time, the Chinese economy depends on the real estate market to grow, will be heavily affected. However, most analysts agree that the Beijing government will do every way to Protect home buyers and investors. The Central Bank of China is also committed to preventing any local bank crisis. But Evergande's "debt tentacles" will affect the markets of countries? Expert David Qu of Bloomberg , who followed the evalections of Evergrande, which was very likely that Evergrande's collapse will cause a global financial crisis. "The exposure of water investors External with Evergrande is limited ".gia increases the economic crisis in the country? If it is supposed to have a common financial crisis, the next step is to consider the threat to happen of a terrible Domestic economic panic (despite the proposals of government financial assistance) .Ruters this week reported that two house dealers in Hong Kong (China) were suing Evergrande about unpaid commissions . Accordingly, the Centaline agent is trying to collect money 3
1 million HKD money of overdue commissions, while Midland Holdings, are asking for Evergrand e Pay the commission up to 43.45 million HKD. Currently, experts indicate that Evergrande cannot pay debts, and the bills on a pile of substances. These are signals that are likely that China's real estate sector is looking down down into the abyss. David Qu said: "The real estate sector plays an important role in promoting economic growth in 30 In the past year of China.If something happens to Evergrande, the trust of investors in the real estate sector will be weakened. "Evergrande stocks paused trading in Hong Kong (China) . (Source: Tico Trader) Dominos effects? According to experts, the collapse of Evergrande will cause financial tremors in the real estate sector of China. Many real estate developers have collapsed It will lead to a national economic crisis. On October 4, Fantasia Holdings Real Estate Development Company is based in Shenzhen, said they did not pay the amount of 205.7 million USD. Given when Country Garden Services Holdings said, a unit of Fantasia did not pay a 700 million yuan loan (108 t USD), It is likely that Fantasia will default. The cash flow issues of Fantasia increase the worry about the risk of the crisis of the whole real estate industry can add pressure on the economy. China is growing slowly. But in the present, the focal point of this debt crisis is Evergrande seems to be okay. Hong Kong contract, while waiting for a notice of "a large transaction". Dong Kon Real Estate Company . Dịch vụ:
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