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China Economy Implodes - Joe Blogs
In this video I discuss the ongoing disaster in the The Property Sector in China and the insolvency problems facing Vanke, which is State backed and one of the largest remaining property development companies. The property sector has accounted for around 25% of the Chinese Economy over the past few years and its collapse over the past few years has caused major problems for China. The latest data shows that Property Prices and Sales revenue continue to fall China which is seriously bad news for Vanke as it has total debt of $50 billion and needs to refinance $5 billion in 2025.
Chapters:
0:00 Intro
1:43 SALES
4:10 PRICES
4:44 VANKE
8:08 BONDS
9:30 BAILOUT
11:10 SUMMARY & CONCLUSION