Evergrande
Some 15 million people have put deposits on new homes that. The biggest fear investors should have with the crisis gripping overly indebted Chinese real estate developer Evergrande is global contagion argues Goldman Sachs. Guangzhou Evergrande Football Club Football Club Web Design Sport Fashion Evergrandes woes have exposed the unrestrained borrowing expansion and corruption that are ingrained in the Chinese financial system. . Evergrande is an incredibly interesting but highly complex situation that will likely play out over several years said Jason Friedman partner at Marathon Asset Management one of a clutch. The world is still waiting to find out what will happen to troubled Chinese conglomerate Evergrande and its enormous mountain of debt. China Evergrande Group is deeply in the red to the tune of 300bn. Evergrande is on the hook to buyers for nearly 16 million apartments according to one estimate and it may owe money to tens of thousan...