10-15-2021, 08:33 AM
Ohh and what also should be mentioned in this thread is that I'm not actually sure if they ever paid the interest on those foreign bonds. I doubt it.
Also, the Chinese government has been liquidating small parts of Evergrande in the past few weeks... basically Evergrande has agreed to sell some of these assets to for example banks that are owned by the government. Could be that this is a controlled destruction of Evergrande, and they are moving vital assets out of the burning building in order to limit collateral damage when Evergrande does fail.
Also, the Chinese government has been liquidating small parts of Evergrande in the past few weeks... basically Evergrande has agreed to sell some of these assets to for example banks that are owned by the government. Could be that this is a controlled destruction of Evergrande, and they are moving vital assets out of the burning building in order to limit collateral damage when Evergrande does fail.