Evergrande Bubble Blowout

22-3-10 Evergrande: the end of China's property boom | FT Film > .

23-9-24 $6.5T Problem: BRI, Unproductive, Decaying Infrastructure | EcEx > .

23-4-16 Logan Wright Grasping Shadows X-Ec 1 - Update > . 2 > .

22-11-27 Dragon's Claw: Xina's Next 10 Years - Kamome > . skip > .

22-10-28 How China Is Helping to Reduce Inflation - Patrick Boyle > .

22-10-27 Xina's Economy 60% Smaller Than Claimed - Macro > . skip > .

22-10-27 GDP Deflator - Macro > .

22-10-25 Xina's Q3 details - Update > .

22-10-24 Xina's Ailing Q3 Economy | Li Qiang - Update > .

22-10-18 Xi absolute power through Party Constitution and XXP princelings - Lei > .

22-10-20 XiXiPee Congress Final Day - Hu Jintao "Removed" - Update > .

22-10-20 XiXiPee Congress Day 3 - Update > .

22-10-18 XiXiPee Congress Day 2 - Update > .

22-10-17 XiXiPee Congress Day 1 - Update > .

22-10-15 Xina's Economy is in Bad Shape - ColdFusion > .

22-6-28 China's Major Tax Problem - EcEx > .

22-4-26 Political struggle of central vs local governments & debts - Lei > .

22-4-21 Fake data re Chinese economy: GDP, import-export, unemployment - Lei > .

22-3-28 China's Economic Rise—End of the Road - cfr > .

21-9-29 Explaining Evergrande | Logan Wright - geopop > .

21-9-20 China is not a Modern Miracle | Anne Stevenson-Yang - geopop > . (full)

2021 Xi Presents his Own Ideology as Natural Next Path. Deng Despised | Digging > .

China’s Debt Crisis | Evergrande Collapse - geopop > .

GDP is Not a Perfect Measure of Economic Well-Being - Many Lessons > .

Impact of Mounting Sovereign Debts - "Autodidact" - Goodfellows > .

>> Xina >>>  > Xitting the Wall - Xina's Economic Decline >>

24-2-13 Sovereign Funds: How XiXiP Finances its Global Ambitions | Hoover > .

China's Secretive Economy - enDürer >> .

China's Increasingly Totalitarian Economy - Weighs >> .

CCP - Socioeconomic Inflexibility ..

European Trade to Xi's Imperialism ..

Evergrande Crisis, CCP's Economic Strategy ..

21-9-19 [comment, details not verified] ""Official debt for China is $7.18 trillion. Add to that the $25trillion that has already been bailed-in via Bank deposits = $32.18 trillion. GDP is acknowledged as overstated by anywhere from 40-70%. Conservatively that’s a Government debt of 400% of “real” GDP. Southeastern Asian interest rates of 5-10% would obviate that interest alone will cost more than half of GDP. Totally unsustainable. This is why foreign travel, purchases and money transfer is all but impossible. Exits are all closed.""

The Evergrande Group or the Evergrande Real Estate Group (previously Hengda Group) was founded by Xu Jiayin in the southern Chinese city of Guangzhou in 1996. In October 2009 the company raised $722 million in an initial public offering on the Hong Kong Stock Exchange. The holding company of the group is incorporated in the Cayman Islands. Its headquarters are in the Excellent Houhai Financial Center in Nanshan District, Shenzhen.

BlackRock, Inc. is an American multinational investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with just over $9 trillion in assets under management as of July 2021. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries.

Evergrande is China's second-largest property developer by sales, making it the 122nd largest group in the world by revenue, according to the 2021 Fortune Global 500 List. It is based in southern China's Guangdong Province, and sells apartments mostly to upper and middle-income dwellers. In 2017, Evergrande stocks, share price, profits and revenue, surged to almost three to four times in value, propelling founder Xu Jiayin to one of China's richest men, as well as one of the wealthiest people in Asia. In 2018, it became the world's most valuable real estate company. 

In August 2020, BlackRock received approval from the China Securities Regulatory Commission to set up a mutual fund business in the country. This makes BlackRock the first global asset manager to get consent from China to start operations. In January 2020, PNC sold its stake in BlackRock.

On August 2021, the Financial Times reported that Evergrande Group is facing a record number of cases filed by contractors in Chinese courts as pressure mounts on the company's management to reduce its $300bn in liabilities, including around $100bn in debts.

In recent years Chinese property developers like Evergrande and Dalian Wanda have made forays into "alternative, income-generating businesses away from the property market". For example, Evergrande has expanded into solar panels, pig farming, agribusiness, and baby formula.

The firm has developed projects in over 170 cities in China. It is one of the 10 largest real estate developers in Mainland China, and one of the five largest real estate developers in Guangdong Province—the other four being Country Garden, Guangzhou R&F Properties, Hopson Development, and Agile Property.

Evergrande Group currently owns 45.8 million square metres of development land and real estate projects in 22 cities, including Guangzhou, Tianjin, Shenyang, Wuhan, Kunming, Chengdu, Chongqing, Nanjing, Zhengzhou, Luoyang, Changsha, Nanning, Xian, Taiyuan, and Guiyang. in Mainland China, which ranks second among the Mainland real estate developers, just after Country Garden.