YWR: The Canary in the Chinese Coal Mine.
Disclosure: These are all personal views, not investment recommendations!
China Evergrande: The $82 billion canary in the coal mine.
I’m surprised China Evergrande isn’t getting more attention. $82 bn in net debt, one of China’s largest property companies and their 2025 bond is trading at 52cts (29% yield). Property is the primary fuel for the Chinese …