China Evergrande… Has A Giant Fallen?
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China Evergrande… Has A Giant Fallen? | https://www.themorganreport.com
China’s govt summons Evergrande founder after insufficient funds warning.
The Chinese government has summoned the embattled founder of real estate firm Evergrande, after the group issued a statement warning it might not have sufficient funds to continue to meet its financial obligations.
Evergrande, which is drowning in a debt of $300B, said there was “no guarantee” it would have enough funds to meet debt repayments.
If you’ve been following our Crypto Conspiracy Podcast, you know that there is strong evidence that Tether has strong ties to China Evergrande. Could this be the downfall of Tether, and possibly Bitcoin as well?
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