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How much does Evergrande owe?
In the past two years, the financing policy of housing enterprises has been gradually tightened, and the financial pressure of housing enterprises has been increasing. The "faucet" of housing financing has been closed, and the capital chain is more important. Evergrande's industrial chain is too wide. If you don't engage in cars, grain and oil, magic water and football, these money-burning things won't bubble in.
Evergrande has earned hundreds of billions in recent years, if not trillions! A large part of the money was burned by these projects, resulting in a debt of $260 million.
Everyone knows Xu Jiayin, the boss of Evergrande, but who is the boss of Country Garden? You ask 100 people, maybe 80 people don't know. You know, high-profile talks cost money. Watching the boss give speeches everywhere, showing off the scenery everywhere, private jets, sky villas, Hong Kong mansions, eating imported fruits, participating in various star activities, and having frequent gatherings and dinners with female stars in recent years.
All this costs money, otherwise no one will come to listen to your bragging performance on a full stomach. In a word, xu teacher is too high-profile and willing to spend money. Mr. Yang, the boss of Country Garden Yang Guoqiang, is a mason and doesn't like to show off. How many billions can he save by keeping a low profile?
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