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China Property Market Starts to Collapse as More Developers Follow Evergrande into Liquidation - Joe Blogs
The Property Sector accounts for around 25% of the Chinese Economy and the rapid growth over the past 20 years was driven by Property Developers borrowing huge amounts of debt. EVERGRANDE which has over $300 BILLION of debt was forced into LIQUIDATION by a Hong Kong Court in January and now other developers including COUNTRY GARDEN are forcing similar court proceedings. In this video I provide more details of the current situation and discuss the potential impact on the Chinese Economy.
Chapters:
0:00 Intro
3:35 COUNTRY GARDEN
8:48 VANKE
11:04 SHIMAO
13:41 MARKET DRIVERS
18:19 SUMMARY & CONCLUSION