Comments by "Arabic Reja" (@ArabicReja973) on "Chinese Developer Country Garden Signals Default, Hires Advisers" video.

  1. Shocking numbers of China's 🇨🇳 Country Garden. - It's China's largest property developer, 4 times as bigger than Evergrande. - The firm's $200 billion debt is bigger than the GDP of Greece. - It has over 1 million of China's 32 million unfinished home, which is sufficient to house the population of Germany. - It lost an eye-watering $7 billion for just first half of this year. - Many of its workers didn't get paid for their work for the past 4 months. - Many projects stopped, prompting buyer demontration and stopping making mortgage payments. - It couldn't pay onshore debt of $500 million and had to extend into payments over 3 years. Earlier, it couldn't even make $22.5 million interest payment of its debts.
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