Evergrande rose in the short term, with Evergrande auto up more than 10%, China Evergrande up more than 7% and Evergrande property up 3%.

The Billion-Dollar European Caviar Business, Now Disrupted by China

In the kitchen of a Michelin three-star restaurant in Beijing, the chef carefully opens a tin of black "treasures." Each translucent caviar pearl inside is immensely valuable, with prices reaching as high as 10,000 RMB per kilogram. Yet this "black gold" caviar does not come from the Caspian Sea or the Volga River. Instead, it originates from Quzhou, Zhejiang, China. This seemingly impossible fact marks a silent revolution in the Chinese caviar industry.

Possible Late Earning Releases from Developers

Developers' inability to publish their financial results on time coupled with auditors' resignation indicate 'red flags' for market concerns.

An Industry Built on Debt

Real estate has long been the stimulus behind China's rapid economic development. House-buying became an investment as prices soared, thus resulting in overbuild. Evergrande's downfall signals the halt on China's reliance on its real estate sector as the country seeks to regulate and strengthen the economy and its foundation.

Evergrande Aims to Shift Towards EV

Evergrande's shift from real estate to cars could signal the imminent halt of China’s reliance on real estate as its main economic driver.

Evergrande Terminates CNY 20 Billion Sale to Hopson

Evergrande has called off the sale of its key units that is worth CNY 20 billion. Default looms as the company approaches the end of the grace period since its last missed payment in September.