VOICED : El gigante inmobiliario chino Evergrande cae en impago

Evergrande, once a leading Chinese real estate company, defaulted on $1.2 billion in credit payments, as reported by Fitch. The company's financial situation worsened after Beijing tightened credit access for real estate developers. With a debt of $300 billion, Evergrande has struggled to meet interest payments and apartment deliveries. The company's diversification into various sectors has also contributed to its precarious state. Evergrande's potential collapse could have severe economic and social impacts, given its large workforce and the real estate sector's significant contribution to China's GDP. Another Chinese developer, Caixa, also missed a payment recently.

What was one of the main reasons for Evergrande's financial difficulties?

• Increased competition in the real estate market

• Tightened credit conditions by the Chinese government

• High employee turnover

• A decline in property values

How much was Evergrande supposed to pay in interest on November 6?

• 82 million dollars

• 100 million dollars

• 82.5 million dollars

• 120 million dollars

What sectors did Evergrande invest in besides real estate?

• Tourism, leisure, digital technologies, and electric cars

• Banking, insurance, and retail

• Mining, energy, and transportation

• Healthcare, education, and agriculture

What percentage of China's GDP is represented by the real estate and construction sectors?

• One fifth

• One half

• One third

• One fourth

Which other Chinese developer also missed a payment, according to Fitch?

• Country Garden

• Poly Real Estate

• Caixa

• Wanda Group