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Will Collapse of China's Lehman Brothers Cause a New Credit Crunch?
Property market crash coming in 2021!
Are we on the precipice of a total market collapse ever grand the largest real estate developer in China with over 200 billion dollars worth of debt. Just announced that they are not able to make their upcoming interest payment.
Why is this important? Well, it's eerily similar to in 2008 when the Lehman brothers shut their doors which kicked off the entire credit crunch. Could this lead to the same effects?
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By Momentum Property EducationProperty market crash coming in 2021!
Are we on the precipice of a total market collapse ever grand the largest real estate developer in China with over 200 billion dollars worth of debt. Just announced that they are not able to make their upcoming interest payment.
Why is this important? Well, it's eerily similar to in 2008 when the Lehman brothers shut their doors which kicked off the entire credit crunch. Could this lead to the same effects?