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 is the current status of construction for Evergrande units?

What factors contributed to the overall downturn in the property sector?