Evergrande Crisis explained in Hindi | Impact of China's Evergrande Crisis on India | Abhi and Niyu

Join this channel to get access to perks: /channel/UCsDTy8jvHcwMvSZf_JGi-FA/join Chat with us on Discord: https://discord.gg/tb7urvEU7g In this video, Abhi and Niyu explain the Evergrande crisis of China. Real Estate is one of the largest contributors to China's GDP and currently Evergrande owes 1.97 Trillion Yuan to various creditors. The entire debt is 2% of China's overall GDP. Will this cause the next recession in the world? Or will it benefit India in the long run? Abhi and Niyu explain in this video about China's Real Estate Bubble. #evergrande #boycottchina #abhiandniyu 00:00 What's Evergrande crisis? 00:43 China's Real Estate Bubble 02:12 Timeline of Evergrande Crisis 04:10 Impact on India 06:14 Conclusion 07:07 Did you like the video? A video by Abhiraj Rajadhyaksha & Niyati Mavinkurve What is Evergrande? Evergrande is an enormous—and heavily indebted—private-sector Chinese property developer and home builder that is close to defaulting on some of its billions of dollars in debt. The most urgent immediate deadline was Sept. 23, when the company had an $83.5 million interest payment due on some of its dollar-denominated bonds. Evergrande had nearly $78 billion in revenue last year and hundreds of projects in more than 200 Chinese cities. For years it used borrowed money and presold apartments to aggressively amass land and develop projects. Along the way the company paid out billions of dollars in dividends to shareholders, including the equivalent of more than $5 billion over the past three years to founder, top shareholder and Chairman Hui Ka Yan. Facebook: https://www.facebook.com/abhiandniyu Instagram: https://www.instagram.com/abhiandniyu Twitter: https://twitter.com/abhiandniyu About Us: Abhi and Niyu is the fastest growing Indian educational YouTube channel. Abhi and Niyu are a husband-wife couple who believe in the power of our youth. Abhi and Niyu started their page to talk about positive, impactful ideas and to inspire offline action from online content. It was a way to change the way our negative feeds operated and replace negative news with positive, action-oriented news that made some change. They decode and simplify issues for Millenials and believe small steps lead to big outcomes in the future. Their videos span different genres like history, environment, and sustainability, policy discussions, social commentary, economics, personal finance, among others.

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