Evergrande collapse could have a 'domino effect' on China's property sector, AllianceBernstein says - CNBC
Sep 20, 2021 47 secs

China's "highly distressed" real estate companies are at risk of collapse as the country's highly indebted developer Evergrande is on the brink of default, warns AllianceBernstein's Jenny Zeng.

"In the offshore dollar market, there is a considerable large portion of developers (who) are implied to be highly distressed," Zeng said.

While the struggling developers are tiny individually, compared to Evergrande, they make up about 10%-15% of the total market on aggregate, Zeng said.

Some economists have warned that the collapse of Evergrande could become China's "Lehman moment" – a reference to the bankruptcy of Lehman Brothers as a result of the subprime mortgage crisis, which triggered the 2008 global financial crisis.

"On its own, a managed default or even messy collapse of Evergrande would have little global impact beyond some market turbulence," MacAdam, a senior global economist at the firm, said in a Thursday note


1. Pick any vaccine: CDC OKs COVID boosters – even mixing and matching – beginning as soon as Friday
Oct 22, 2021 # breaking 53 secs
2. Rescue dog bought on Facebook killed man and left brother needing legs amputated - The Independent
Oct 19, 2021 # health 49 secs
3. Saturday Night Live: host Rami Malek gets upstaged by 007 himself - The Guardian
Oct 17, 2021 # politics 2 mins, 35 secs
4. Apple, Google, or Samsung: Which upcoming launch event are you most excited for? - XDA Developers
Oct 17, 2021 # technology 51 secs
5. Liberal columnist, frequent MSNBC guest Elizabeth Drew mocks horrific murder of UK conservative David Amess - Fox News
Oct 16, 2021 # politics 50 secs
6. Police say riders didn't help woman raped on train. Does 'bystander effect' explain why? - NBC News
Oct 21, 2021 # politics 1 min, 3 secs
7. Week 7 Viewing Guide: The New #1 in College Football Gets a Midseason Test, a Top-25 Big 12 Showdown and Air F - Eleven Warriors
Oct 16, 2021 # politics 3 mins, 24 secs
8. Study Says Climate Change Killed Off Woolly Mammoths, Not Humans - Yahoo Lifestyle
Oct 22, 2021 # science 24 secs
9. Could You Survive The Glass Bridge From Squid Game? - BuzzFeed
Oct 18, 2021 # entertainment 4 secs
10. Cardi B & “You” Star Penn Badgely Can’t Stop Obsessing Over Each Other - HotNewHipHop
Oct 20, 2021 # entertainment 28 secs
11. Alleged Galaxy S22 Ultra backplate shows an interesting design change - Android Central
Oct 22, 2021 # technology 1 sec
12. Colin Powell had mixed legacy among some African Americans
Oct 19, 2021 # breaking 1 min, 43 secs
13. There May Be People Who Are Genetically Resistant to COVID-19, Scientists Say - ScienceAlert
Oct 19, 2021 # health 48 secs
14. Razer's New RBG PC Components Look Like Pure Gamer Fun - Gizmodo
Oct 21, 2021 # technology 27 secs
15. COVID-19 hospitalizations in Maine spike again - Portland Press Herald - Press Herald
Oct 18, 2021 # health 0 secs
16. Masks and vaccines are a must this holiday season, CDC says - CNN
Oct 16, 2021 # politics 40 secs

SUBSCRIBE

Get monthly updates and free resources.

CONNECT WITH US

© Copyright 2021 365NEWSX - All RIGHTS RESERVED