Real Estate Debt Crisis: A Looming Threat

Netizen: How much debt has real estate left to society?Ukraine has been fighting a war for more than a year and owes the United States $80 billion and Europe more than $130 billion. Based on the current exchange rate, the total is 1.58 trillion yuan.Evergrande has been in the real estate business for more than ten years, and its debt has reached an astonishing 2.58 trillion yuan.What is this concept?Even the whole country of Ukraine, with more than a year of consumption, can't match the liabilities of a real estate company, Evergrande. This shows how big a hole Evergrande has made in real estate.What’s even more frightening is that in addition to Evergrande, there are more than 30 real estate companies that also owe huge debts. Six of the top ten listed companies have debts of more than 1 trillion, including Country Garden, which has debts of 1.4 trillion. , as well as Greenland and Sunac.The 35 most indebted real estate companies add up to a total debt of more than 18 trillion.Such a large debt means that if the country is determined to rescue the market, its intensity will be unprecedented.

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