قطاع العقارات في الصين يثير قلق العالم مجدداً
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00:00 Two years ago, there was a nightmare in China called Evergrande, which was behind the debt ceiling.
00:06 A company was heavily in debt in a sector that represents about 30% of China's economy, the real estate sector.
00:14 This shook the markets.
00:17 But at that time, the Chinese government intervened and promised to intervene to save the real estate sector,
00:23 which is greatly decreasing in demand.
00:27 But Country Garden returned to pay off their debts and benefits from dollars worth of bonds in 2026 and 2030.
00:36 But there are benefits worth 22 million dollars that were paid off this month, and were worth about 22.5 million dollars.
00:48 We have seen this for 30 days as a delay in paying off these benefits, and the company will be officially suspended if it exceeds these 30 days.
01:00 Country Garden is one of the largest real estate development companies in China.
01:08 It has commitments of 194 billion dollars by the end of 2022.
01:13 We can see that the sales of the company have declined by about 30% in the first half of 2023.
01:19 Several attempts by the Chinese government to stimulate this sector through incentives for the real estate sector,
01:25 as well as reducing interest rates during this year.
01:29 We have seen that inflation rates in China have declined during this period, and that the rates in China are negative.
01:36 All this is because the Chinese economy is not growing in the desired direction, and there is no demand for real estate.
01:43 Therefore, all these things add more burden to real estate companies.
01:49 There is pressure on the real estate sector.
01:51 We have seen the crisis of inflation since the end of 2021, a lack of cash flows,
01:57 and the suspension of government support during this period, and attempts by China to return to support this sector.