When a company has the highest debt interest bill of any listed firm in the world, its traditional route of sales has frozen almost completely, and it cuts prices by a quarter, is that good news?
According to the equity market, it is indeed. China Evergrande Group’s share price is now roughly flat since January 23, when the quarantine of the city of Wuhan began. What happens next will be a test case for Beijing’s relationship with the country’s gigantic property developers.
Its share price won't drop! China is a wonderland where everything is possible. Have trust in the great China leader Xijinping, everything will be fine.
The WSJ hangs on human rights and democracy all day, didn't have the courage to apologize after insulting Chinese citizens not relating the political system. Instead, it continued to make excuses by attacking Chinese politics to avoid apologizing. shamed!
Cushion from gov?
What a mess? Market price securities are totally zany.