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Beijing Tells Evergrande’s Billionaire Founder To Repay The Insolvent Company’s Debts

Beijing Tells Evergrande’s Billionaire Founder To Repay The Insolvent Company’s Debts

BY Tyler Durden | ZeroHedge Hui Ka Yan, founder of China Evergrande Group, had once amassed a fortune of $42.5 billion, placing him at the top of the wealth rankings for all of Asia. But 73% of that immense fortune has now evaporated, and the tycoon will almost certainly lose even more as anxious creditors, […]

Chinese State Media Slams Soros As “The Most Evil Person In The World” And “The Son Of Satan”

Chinese State Media Slams Soros As “The Most Evil Person In The World” And “The Son Of Satan”

BY Tyler Durden | ZeroHedge It didn’t take China long to respond to George Soros after he went nuclear on Beijing and US investment titans abandoning their “ESG ideals” to capitalize on China’s massive market. Over the weekend, China’s state-run tabloid Global Times labeled George Soros a “global economic terrorist” in a tit for tat […]

Evergrande Denies Rumors Of Bankruptcy As Crisis Boils Over, Social Unrest Breaks Out Across China

Evergrande Denies Rumors Of Bankruptcy As Crisis Boils Over, Social Unrest Breaks Out Across China

BY Tyler Durden | ZeroHedge China Evergrande Group, the largest and most indebted, and certainly most insolvent property developer in China, is – together with its $300+ billion in debt – rapidly approaching its “China moment.” Five days after reports of a technical default at Evergrande, which slammed China’s property market and sent Chinese junk […]