Market Analysis
Now Evergrande Has Collapsed, What’s Next For China’s Housing Market?
Rating agency Fitch has declared Evergrande in default, spurring wider concerns about China's real-estate sector.
BTC$62,495.00-2.10%
ETH$1,662.50-3.31%
USDT$0.99890.00%
USDC$0.9998-0.01%
XRP$1.11-1.51%
SOL$69.43-3.23%
TRX$0.329-1.30%
FIGR_HELOC$1.03-0.16%
HYPE$62.14-5.95%
DOGE$0.0788-3.89%
USDS$0.9997+0.01%
RAIN$0.0156-2.27%
LEO$9.54+0.05%
ZEC$416.96-5.64%
XLM$0.1953-3.57%
BTC$62,495.00-2.10%
ETH$1,662.50-3.31%
USDT$0.99890.00%
USDC$0.9998-0.01%
XRP$1.11-1.51%
SOL$69.43-3.23%
TRX$0.329-1.30%
FIGR_HELOC$1.03-0.16%
HYPE$62.14-5.95%
DOGE$0.0788-3.89%
USDS$0.9997+0.01%
RAIN$0.0156-2.27%
LEO$9.54+0.05%
ZEC$416.96-5.64%
XLM$0.1953-3.57%
Chinese property stocks nosedived again on Monday after Evergrande scrapped crucial creditor meetings.
Rating agency Fitch has declared Evergrande in default, spurring wider concerns about China's real-estate sector.
With its future looking bleak, the Chinese real estate market faces crises as property developers are struggling to meet loan repayments.
Evergrande is to sell a 50% stake in a management unit for over $5 billion while a domino cascade of the global economy looms.
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If Evergrande collapses it could reveal that the Chinese economy has been built on a house of cards