🌪 Cataclysms are brewing in the global stock markets
All because of the situation with one of the largest developers in China - China Evergrande Group, which found itself on the verge of default (debt size ~ 💵$300 billion).
❗️The possible bankruptcy of the company will hurt not only the Chinese economy (remember Lehman Brothers).
🏦Deposits in Chinese banks are about to $35 trillion, which is twice the size of the United States. Chinese financial crisis will lead to unforeseen circumstances and will affect all world markets.
👀Industrial production has negative rates in China. Now it is near the lowest level since the global financial crisis.
💸The latest news:
China injects $18.6 billion into the banking system during the Evergrande crisis. The devaluation of the yuan seems inevitable.
EXCAVO | Stocks & Forex Chat | Crypto Channel | Instagram | Twitter | VIP Service
All because of the situation with one of the largest developers in China - China Evergrande Group, which found itself on the verge of default (debt size ~ 💵$300 billion).
❗️The possible bankruptcy of the company will hurt not only the Chinese economy (remember Lehman Brothers).
🏦Deposits in Chinese banks are about to $35 trillion, which is twice the size of the United States. Chinese financial crisis will lead to unforeseen circumstances and will affect all world markets.
👀Industrial production has negative rates in China. Now it is near the lowest level since the global financial crisis.
💸The latest news:
China injects $18.6 billion into the banking system during the Evergrande crisis. The devaluation of the yuan seems inevitable.
EXCAVO | Stocks & Forex Chat | Crypto Channel | Instagram | Twitter | VIP Service