China’s Evergrande crisis is becoming an even bigger problem

Recent developments in China have gripped the world. The underlying problems in China’s economy were already being talked about last week, and this week the cracks seem only to widen.

Crisis in China and its impact on the world

The problems in the Chinese Country Garden and Evergrande are not yet solved and new challenges are emerging. China’s largest shadow bank, Zhonhzhi, has suspended payments to thousands of customers, causing the yuan to plummet.

Madelon goes deeper into these topics in her latest video. It not only sheds light on the problems of the Chinese economy and the real estate market, but also how the banking sector is now being dragged into this crisis.

The world is eyeing China with suspicion, and the big question is what impact this will have on the global economy.

Bitcoin price is also nervous

The problems at Evergrande, coupled with the financial turmoil at Country Garden and China’s largest shadow bank, have caused nervousness around the world. This nervousness has not only caused volatility in the stock and bond markets, but also in the crypto market.

Madelon emphasizes that the crypto market, including Bitcoin (BTC), responded to the drop with a decline. This is an indication of how closely intertwined the global financial markets are. The Chinese real estate market, which is already in a bottom, does not appear to be recovering for the time being, which could have further implications for global financial markets, including crypto.

The Netherlands in recession

In addition, contrary to earlier forecasts, the Dutch economy is in recession. Madelon explains why this was to be expected and gives an outlook on what to expect in the time to come. She emphasizes that there are already signs of interesting developments in the near future.

Read Also:  Automating Reporting And Analytics Processes

Join Madelon Vos’ MoneyTalks Community!

The Madelon MoneyTalks community was recently launched! In this online community you can ask questions and share knowledge! Upon request, Madelon will also carry out technical analysis and organize question-and-answer sessions where live questions can be asked. If you create your own analysis, the experts in the community can take a look!

Madelon also explains! Through Madelon’s courses you will learn, among other things, how to safely and reliably get started with Bitcoin and other cryptocurrencies and how to make a profit from investing in crypto. Would you like to meet Madelon? Check out their free courses!

In the free Crypto & Trading Academy course you will get an insight into topics such as Bitcoin, other cryptocurrencies, how to keep them safe and buy your first cryptos. You will also learn the basics of technical analysis. This free course is a preview of the entire course.

Recent Articles

Related News

Leave A Reply

Please enter your comment!
Please enter your name here