China's mom-and-pop investors, homebuyers caught in Evergrande debt crisis

China's mom-and-pop investors, homebuyers caught in Evergrande debt crisis

24/9/2021 7:21:00 AM

China's mom-and-pop investors, homebuyers caught in Evergrande debt crisis

With outstanding debts of US$305bil, it has stopped paying some investors and suppliers.

At an eerily quiet construction site in eastern China's Suzhou, worker Li Hongjun says property developer Evergrande's debt crisis means he will soon run out of food. Christina Xie, who works in export in the bustling southern city of Shenzhen, fears Evergrande has swallowed her life savings.

TMJ tests positive for Covid-19 PN likely to contest all 28 seats in Malacca polls MIC Youth, Putera, Puteri chief posts won uncontested

The pair, united like legions of others by their connections to the vast China Evergrande Group, show the scale of the challenge facing the Chinese government in managing its financial woes, although economists downplay the risk of a"Lehman moment" style...

Unlocking ArticleRead more from this author

Innovation Awards 2021

We are so lucky LGE did not get to implement a similar type of company here.

China tells Evergrande to avoid dollar bond default as deadline looms | Malay MailHONG KONG, Sept 23 — Chinese regulators have asked China Evergrande Group to avoid a near-term default on its dollar bonds, Bloomberg Law reported today, the day the troubled property developer is due to make a much-awaited interest payment on its offshore debt. In a recent meeting with...

China opposes Taiwan joining Trans-Pacific trade deal | Malay MailTAIPEI, Sept 23 — China today said it opposed Taiwan joining a major trans-Pacific trade deal just days after Beijing said it wanted to become a member of the same agreement. Signed by 11 Asia-Pacific countries in 2018, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership...

Hishammudin to visit China to discuss Aukus situationDefence Minister Datuk Seri Hishammuddin Hussein said Malaysia will seek to determine Beijing's stance on the new security partnership between Australia, the United Kingdom and the United States, known as Aukus. Read more at

Australia sets conditions for China joining Trans-Pacific trade pact | Malay MailSYDNEY, Sept 22 — China must end a freeze on contacts with senior Australian politicians if it hopes to join a trans-Pacific trade pact, Canberra’s trade minister said today, setting de facto preconditions for accession. Dan Tehan linked China’s bid to join an 11-nation trading alliance with...

'Buang atau jangan beli telefon jenama China' - Utusan Digital'Perkara ini penting bukan sahaja untuk Lithuania, tetapi bagi semua negara yang menggunakan telefon pintar jenama itu'

[PARLIMEN] AUKUS: Malaysia dapatkan pandangan China - Utusan DigitalBagi memastikan AUKUS tidak mencetuskan sebarang kebimbangan dan menjejaskan kedudukan rantau Asia Tenggara dalam konteks pertahanan negara.