in

China’s Evergrande, the World’s Most Indebted Corporation, Officially Goes Insolvent Today

china’s-evergrande,-the-world’s-most-indebted-corporation,-officially-goes-insolvent-today

We’ve reported about the challenges that Evergrande is in while facing insolvency.  Today the company officially went bankrupt. 

In September we reported on Evergrande’s imminent collapse.

Behemoth in China Real Estate Readying for Bankruptcy – Is This the Beginning of a Massive China Real Estate Crash?

We’ve warned that this is an indicator of things to come in China.

TRENDING: Kyle Rittenhouse Breaks Down and Cries on Stand While Describing the Horror of Being Surrounded by Rioters Attempting to Kill Him in Kenosha Last August

BREAKING EXCLUSIVE: China’s Economic Crisis Has Arrived – This Will Impact the Entire World

This morning it was reported out of Germany:

China Evergrande Group today again defaulted on interest payments to international investors. DMSA itself is invested in these bonds and has not received any interest payments until today’s end of the grace period. Now DMSA is preparing bankruptcy proceedings against Evergrande and calls on all bond investors to join it.

China Evergrande Group, the second largest real estate developer in China, defaulted on interest payments on two bonds back in September, with the 30-day grace period still ending in October. However, shortly before the end of the grace period, the public was misled by rumors about alleged interest payments. The international media also took the rumors for granted. Only the DMSA – Deutsche Marktscreening Agentur (German Market Screening Agency) already recognized the default at that time and proved in a study that the bankruptcy of Evergrande, the world’s most indebted corporation, could ultimately lead to a “Great Reset”, i.e. the final meltdown of the global financial system.

Is this the beginning of bigger troubles for China and the world financial community?

Hello Commenters!

The Gateway Pundit is always committed to ensuring your voice can and will be heard. To reinforce that commitment, we are switching our commenting platform to Insticator. Don’t worry! All you have to do is create a commenting account with Insticator, and then you will be able to link past comments into your new Insticator account. For more information, we’ve written an article that you can read HERE. If you have any feedback or questions about your Insticator commenting account, please email them at: [email protected].

What do you think?

Written by Newsman

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments
president-trump-asks-why-georgia’s-leaders-allow-and-do-nothing-about-news-that-74-counties-in-georgia-are-missing-legally-required-images-from-2020-election

President Trump Asks Why Georgia’s Leaders Allow and Do Nothing About News that 74 Counties in Georgia Are Missing Legally Required Images from 2020 Election

soros-funded-san-francisco-da-chesa-boudin-to-face-recall-election

Soros-Funded San Francisco DA Chesa Boudin to Face Recall Election