Will Country Garden become the next Evergrande?

Country Garden will not become the second Evergrande.

First of all, Country Garden is not as diverse as Evergrande. Build a house and sell it. Every project is profitable. The money earned is real.

Secondly, Country Garden didn't borrow high-interest money like Evergrande. Country Garden's finances are very cautious. The interest rate of borrowing money is the lowest among private enterprises. This shows that the money earned by Country Garden is real money. Far more than interest expenses.

Finally, international rating agencies are very optimistic about Country Garden and keep its rating unchanged. Explain that Country Garden is financially sound and there is no problem.

Neither operation is ideal.

One owes 2 trillion yuan, and the other owes 1.7 trillion yuan.

Evergrande's practice is to make a 60% discount, and then sign online for half a year to make working capital.

The practice of the bird factory is to reduce the price and not sell it? Further down, there are no unsold houses, only unsold prices.

So you will see a bird factory project in full swing, which was 8,000 square meters some time ago and 5,000 square meters later.