News Snapshot:
China Evergrande shares have lost more than 92% of their value since the all-time high in late 2017 (09/24/2021). Although the group financed its expansion through a large number of loans, the measures taken by the Communist Party ultimately led to its decline. Meanwhile, the government (according to the Asian media) is considering splitting the group into three parts and nationalizing it. This is how Chinese property owners and investment products are protected. Foreign investors, on the other hand, go away empty-handed. Alibaba continues to be under pressure Alibaba is another company that has suffered from government measures. In the...
