The Chinese economy is under pressure from multiple fronts – as the latest statistics show. Pandemic and real estate woes have weakened growth at the beginning of the year. However, the balance sheet for the past year is impressive.
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Because Evergrande and other Chinese real estate developers are fighting for their future, the rating agency Fitch is predicting a sharp drop in prices on China's housing market. But will Beijing really let it get that far?
By Redaktion Table
In Germany, filing for bankruptcy would be unavoidable by now at the latest: Around the globe, Evergrande's creditors are waiting in vain for their money. Behind the scenes, the government is preparing to restructure the group.
By Redaktion Table