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Evergrande: China's Big Short Moment - Company Forensics
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Throughout the years, Evergrande stood as a symbol of China's booming real estate sector and economic prowess. In the preceding year alone, it erected housing equivalent to 300 Empire State Buildings, seemingly defying all odds. However, fast-forward to August 2023, and fortune has abandoned them. Their current predicament paints a stark contrast to their former glory, sending shockwaves through China's economic landscape and beyond.
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Sources:
https://www.globaltimes.cn/page/202109/1234974.shtml
https://www.bbc.com/news/business-58579833
https://www.nytimes.com/2021/08/10/business/economy/china-evergrande-debt-property.html
https://supchina.com/2020/09/24/is-indebted-real-estate-developer-evergrande-group-seeking-government-support/
https://www.9news.com.au/world/what-is-evergrande-why-chinese-property-company-is-causing-stock-market-falls/89d45a27-6abf-4495-8c78-7397b78e9a34
https://www.nytimes.com/2021/08/10/business/economy/china-evergrande-debt-property.html
https://www.nytimes.com/2015/03/18/business/international/china-developer-gets-lifeline-amid-slump.html
https://www.nytimes.com/2018/12/30/business/china-economy-property.html
https://www.bloomberg.com/news/articles/2021-09-13/what-is-china-evergrande-and-why-is-it-in-trouble-quicktake
https://www.cnbc.com/2021/09/17/china-developer-evergrande-debt-crisis-bond-default-and-investor-risks.html
https://markets.businessinsider.com/news/stocks/evergrande-crisis-china-property-sector-developers-default-fantasia-sinic-cpg-2021-10
https://www.nytimes.com/article/evergrande-debt-crisis.html
https://dealbook.nytimes.com/2014/06/05/alibaba-to-take-stake-in-chinese-soccer-team
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