When a liquidity crisis struck China’s Evergrande Group in the summer of 2021, it shook the global markets. Debt payments by China’s second-largest property developer by sales were estimated in the hundreds of billions of dollars, and the company missed several payments. Those missed payments led to downgrades by international ratings agencies, but the Chinese property crisis has since spread beyond Evergrande, despite the lack of attention from most investors. At the Delivering Alpha conference, the legendary Jim Chanos and famed short-seller Carson Block discussed the current problems facing China, including the real estate crisis. Q2 2022 hedge fund letters,…
According To Jim Chanos, This Is The Biggest Story No One Is Talking About
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.
