's situation is not a surprise, given the steps taken by Beijing to reign in excessive debt in the property sector, according to Orient Capital Research's Andrew Collier.
"The end result is one of the largest companies and the most indebted is not surprisingly, in trouble," he said, referring to Evergrande. The Chinese authorities' rationale for such an action is "pretty obvious," he explained. "They figure that if they don't do this, then they're going to have an even bigger crisis on their hands and the entire property market goes into a bubble territory more than it is, and then collapses."
Still, he sees authorities as "likely to inflict some pain" on investors to send a clear message that they're tired of excess in the property sector.Collier said there were two reasons why global markets are worried about Evergrande's troubles.
Then the world is teapot
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Evergrande’s crisis highlights China’s shortcomingsA liquidity crunch in China would hurt global activity, from the sales of commodities to luxury goods wow The global banks backed fully, or in-part, by Wall Street can lose their shirts for all I care. I want them to have their own personal 2008. Evergrande's evidencia una profubda crisis economica y falta de liquidez a nivel global, la mas grande inmobiliaria de todo el mundo esta en quiebra tecnica y no creo se salve a menos que China no tenga mas alternativa que intervenir, sea quedandose con esta empresa
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