China Evergrande and Units Suspend Trading in Hong Kong

The video discusses Evergreen's financial and legal troubles, including the inability to restructure due to debt and equity issues, ongoing criminal investigations, and potential liquidation. It highlights the impact on homebuyer confidence and unfinished projects in China, especially with the upcoming golden week. The situation is compounded by similar issues faced by Country Garden, affecting consumer confidence and real estate market stability.

In what ways might the 'golden week' impact consumer confidence regarding Evergreen?

What does the term 'lying flat effort' refer to in the context of the homebuyer market?