What happened to Evergrande Group?

The entire Evergrande Group has a debt crisis. Evergrande's cash flow is in trouble, and many enterprises don't trust them, so cooperation may become more difficult. Evergrande's leverage ratio is too high, and such a large loan scale is difficult to solve in the short term, which will affect the future financing of the enterprise. Evergrande's breach of contract makes many consumers uneasy, and they will be more cautious in buying their houses or products in the future, which will affect sales. Evergrande has come this far, which is beyond many people's expectation. After half a year, the financial problems of Evergrande have not been effectively solved, which shows that there are still many problems of Evergrande. At present, the main crisis of Evergrande is that the capital flow has not been effectively solved, and then the bonds will expire one after another. If these bonds continue to default, Evergrande will always be in a situation of broken capital chain, which will make Evergrande's reputation worse and worse, and the recognition of their houses and products will be reduced, which will have a great impact on the company's performance and sales.