{"id":122480,"date":"2021-10-09T06:00:12","date_gmt":"2021-10-08T23:00:12","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-default-alarms-put-thousands-of-suppliers-jobs-and-economy-at-risk-as-developers-ious-balloon\/"},"modified":"2021-10-09T08:03:08","modified_gmt":"2021-10-09T01:03:08","slug":"evergrande-default-alarms-put-thousands-of-suppliers-jobs-and-economy-at-risk-as-developers-ious-balloon","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-default-alarms-put-thousands-of-suppliers-jobs-and-economy-at-risk-as-developers-ious-balloon\/","title":{"rendered":"Evergrande: default alarms put thousands of suppliers, jobs and economy at risk as developer\u2019s IOUs balloon"},"content":{"rendered":"


\nThe third of a three-part series on China Evergrande Group takes a deep dive into how the property developer\u2019s debt crisis is affecting thousands of suppliers across the construction, furnishings and real estate services sectors and how the fallout of an Evergrande collapse could affect China\u2019s economy.In October 2019, China Evergrande Group\u2019s first project in Hong Kong got off to a flying start, selling out all 167 flats in its first weekend and outpacing sales of other developers after months\u2026
\n
\nSource : South China Morning Post
\nRead more…Evergrande: default alarms put thousands of suppliers, jobs and economy at risk as developer\u2019s IOUs balloon<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The third of a three-part series on China Evergrande Group takes a deep dive into...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-122480","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vRu","jetpack-related-posts":[{"id":139020,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-property-crackdown-why-surprise-victim-country-garden-could-be-worse-than-evergrande-for-the-economy\/","url_meta":{"origin":122480,"position":0},"title":"China property crackdown: why surprise victim Country Garden could be worse than Evergrande for the economy","date":"September 2, 2023","format":false,"excerpt":"\r In the first of a two-part series on the crisis surrounding Country Garden Holdings, we look at the developer\u2019s liquidity problems and why a default could inflict more damage on China\u2019s housing market than China Evergrande two years ago, particularly in third and fourth-tier cities.\r \r Source : South\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123784,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-equity-cuts-back-on-china-property-as-evergrande-hits-stocks\/","url_meta":{"origin":122480,"position":1},"title":"Private equity cuts back on China property as Evergrande hits stocks","date":"December 13, 2021","format":false,"excerpt":"\r A third of firms plan to reduce exposure to sector as developer\u2019s default reverberates through market\r \r Source : ft.com\r Read more...Private equity cuts back on China property as Evergrande hits stocks","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122561,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-china-faces-challenging-trade-offs-in-addressing-developers-debt-crisis-imf-says\/","url_meta":{"origin":122480,"position":2},"title":"Evergrande: China faces \u2018challenging trade-offs\u2019 in addressing developer\u2019s debt crisis, IMF says","date":"October 13, 2021","format":false,"excerpt":"\r Beijing is facing \u201cchallenging trade-offs\u201d as it seeks to address the crisis surrounding embattled developer China Evergrande Group and the pressure it is placing on the country\u2019s property sector, according to the International Monetary Fund (IMF).As part of its Global Financial Stability Report released overnight, the IMF said China\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140545,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-creditor-group-backs-the-chinese-developers-efforts-to-keep-onshore-unit-operational-opposes-bankruptcy-process\/","url_meta":{"origin":122480,"position":3},"title":"Evergrande creditor group backs the Chinese developer\u2019s efforts to keep onshore unit operational, opposes bankruptcy process","date":"December 1, 2023","format":false,"excerpt":"\r An ad hoc group of creditors of Evergrande\u2019s offshore unit has said it supports the management\u2019s efforts to keep the embattled Chinese developer operational, ahead of a key court decision on Monday when the distressed developer faces the risk of a liquidation order\r \r Source : South China Morning\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134536,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-directors-fell-short-of-expected-standards-says-inquiry-into-deposits-pledged-as-loan-guarantees\/","url_meta":{"origin":122480,"position":4},"title":"China Evergrande directors \u2018fell short of expected standards\u2019, says inquiry into deposits pledged as loan guarantees","date":"February 16, 2023","format":false,"excerpt":"\r An internal commitee criticised the stricken developer\u2019s governance and barred three senior executives previously forced from their jobs from returning.\r \r Source : South China Morning Post\r Read more...China Evergrande directors \u2018fell short of expected standards\u2019, says inquiry into deposits pledged as loan guarantees","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121755,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/indebted-china-evergrande-faces-risk-of-loan-defaults-legal-action-billionaire-chairman-hui-ka-yan-admits-as-profit-tanks\/","url_meta":{"origin":122480,"position":5},"title":"Indebted China Evergrande faces risk of loan defaults, legal action, billionaire chairman Hui Ka-yan admits as profit tanks","date":"August 31, 2021","format":false,"excerpt":"\r The billionaire chairman of the world\u2019s most indebted developer, China Evergrande, has admitted his company faces the risks of defaulting on loans and legal action from creditors.Hui Ka-yan, who founded the Shenzhen-based home builder in 1996, made the rare admission in an earnings statement on Tuesday as Evergrande reported\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122480"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=122480"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122480\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}