Tag Archives: Evergrande Default

Evergrande Officially DEFAULTS: Contagion Risk Will Spread to Institutional Investors, Pension Funds, Crypto And More Throughout 2022

Deep Report

(Mike Adams) Evergrande, China’s Ponzi property developer, is now officially in default as Fitch has confirmed the indebted company has missed interest payments on bonds, with over $300 billion in bonds outstanding. Property developer Kaisa is also named in the default decision, and there are nearly a dozen other Chinese property developers that are widely believed to be on the path to default.

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