In the light of recent global economic developments and the Corona pandemic, the economic, financial, political and other changes in world situations, etc., have emerged.
In the light of recent global economic developments and China ' s chorus (https://ar.wikipedia.org/wiki/%D9%81%D8%8B1%D9%88%D8B3%D9%88%D8B1%D9%88%D9%89%D9%86%D8A7) and the economic and financial implications of the world
[Revised also.] (https://trinavo.com/%d9%85%d9%88%d8%8%8%-d8%8%-d8%9%8%-d8%9%8%d8%8%d8%8b8%d8%8b1-d9%d9%8%d8%8%8%d8%8%8%8%d8%9%d8%8%d8%8%d8%8%d8%8%8%d8%8%8%8%d8%d8%8%d8%8%8%d8%8%8%8%d8%8%d8%8%d8%d8%d8%8%d8%8%8%8%8%d8%d8%8%d8%d8%8%d8%d8%8%8%8%8%8%d8%d8%8%d8%8%8%8%d8%d8%8%d8%d8%d8%8%d8%d8%
The importance of the Everrand Group:
Due to the crisis in the Epherand Group, the world ' s and Asia ' s financial markets have been subjected and shaken by the fact that they are the largest real estate developer in China in terms of sales and the world ' s second largest revenue group, according to the estimates of the Fortune 2021m.
Founded in 1996 by Shojian Xu Jiayin in the territory of Guangzo, before he takes fifth place among the Chinese rich, according to the Horun list of wealth monitors in the country, the group of Senzen takes its main headquarters. The group has approximately 200,000 people and indirectly secures 3.8 million jobs, as well as about 1,600 active businesses in the world.
The company services of Rooters reported that the group formerly known as Evergrande Real Estate Group Limited was active in the development of real estate and was managed through four sectors:
Real property development
Property Investment
Property Management
4) Other Businesses
The reasons that might have led to the rapid collapse of the Everrand Group:
The Epherand Group ' s ambition was great, and it was looking at many investment projects, and the group tried to reach its ambition, and that development and expansion in the group must be a source of additional income for business but at the same time could lead to access to the edge of collapse and fall.
Everrand, the real estate was merged into the electrical automobile sector. In 2019, Everrand Otto was founded to revolutionize the sector and compete with the U.S. Tesla Group, but two years later, it was unable to market any car, and its market value fell from $120 billion to $50 billion.
The group also owns the Goazo Football Club, driven by the hero of the former Italian world, Fabio Kana Faro, as well as by Epherrand in the food and mineral market, with its mark of Everrand Spring, as well as by details expressed by Frances Press, that the group was looking to open more recreational parks than its Daisy 15 competition.
The crisis in the Everrand group:
As the Chinese partnership of Hong Kong, the total debt of the company is about US$ 302 billion, the crisis began to emerge earlier when the group became clear and stated that it would not be able and able to repay the loans to which it was payable.
The impact of the Everrand crisis on the Australian economy:
The current Chinese giant crisis poses a threat to the Australian economy, where Australia ' s largest traders are considered to have a total trade volume of about $233 billion in 2020 and the most damaging economic sectors of the stock market and Australian exports. According to official data, Australia ' s exports of iron ore reached about $85 billion during 2020. Economic reports have also indicated that the stock of BHP has already declined.
Position of the Chinese Government:
Since the Everrand Group is the second largest land developer in China, and the real estate sector estimates that it represents about a quarter of the gross domestic product in China and the Everrand group of the world ' s largest real estate companies, all the lights were taken over to the Everrand group, fearing re-experforming what happened with the American Bank in 2008 Bradman.
The Chinese Government did not specify whether it would intervene for the Epherrand Group or not, and as some press reports suggested that the Chinese authorities had alerted and alerted the local government to a predictable and potential downfall and collapse of the Everan Group, which would alert and suggest that the Chinese Government would not intervene to save the Evehrand Group and would not make any sense.
Beijing resorted to new regulatory requirements for the acquisition of loans by mortgages.
The Chief Economist of Allians, the former executive head and CEO of the giant Bemco bond company, said that the transition to the Epherand collapse of markets was due to the extortion of the confidence of the world ' s land sector financiers, where it could be said that China had ceased to support the company ' s risk rebalance, on the one hand, not to punish excessive risks.
Sources:
Alaraby.co.uk Aljazeera.net