China Evergrande's 2021 Sales Plunge 39%

The video discusses the significant decline in sales in 2021, primarily due to liquidity issues that escalated from October. It highlights the severe impact on Evergrande, a major property developer in China, which faced halted projects and defaulted on dollar bonds. The market's reaction to Evergrande's challenges is also covered, noting a temporary stock uptick possibly due to short position covering, despite the sector's ongoing financial obligations.

What was the percentage drop in Evergrande's sales in December 2021 compared to the previous year?

• 25%

• 99%

• 75%

• 50%

What major financial issue did China Evergrande face that affected its sales?

• Government regulations

• Increase in property prices

• Liquidity issues

• High demand for properties

Why are potential buyers hesitant to purchase Evergrande properties?

• Lack of available units

• Halted construction of units

• Poor location of properties

• High property prices

What event occurred on Tuesday in Hong Kong related to Evergrande?

• Evergrande declared bankruptcy

• Evergrande's stock resumed trading

• Evergrande announced a new project

• Evergrande launched a new marketing campaign

What financial obligations does Evergrande face this month?

• Increased marketing expenses

• Deferred wages and bond liabilities

• Higher property taxes

• New project investments