We’ve reported on the China property and solvency crisis over the past few weeks. The Evergrande solvency issues started it but now the whole property sector appears to be in a free fall.
We’ve been reporting on the Evergrande real estate and solvency crisis in China for weeks. It’s not good.
In addition, we’ve been reporting for the last few years on the dangers embedded in China’s huge property market which are now more apparent than ever:
This evening George Gammon shared a chart of the Chinese property sector bonds since the Evergrande crisis began:
🔴 Chinese bonds getting smoked. This is going to be far bigger than Evergrande.
Question is will it be far bigger than China?
China recession/depression has massive knock on effects. pic.twitter.com/7gAQIHuI9R
— George Gammon (@GeorgeGammon) October 12, 2021