The problem of China Evergrande is not as serious as everyone thinks

The problem of China Evergrande is not as serious as everyone thinks. Its total debt is 300 billion U.S. dollars. But it does not need to be repaid immediately. As a real estate builder, he owns 100 billion US dollars in real estate projects under construction. After completion, sales can reach 300 billion U.S. dollars. And Evergrande has an electric car project, and the Evergrande football team, which was once the Asian football champion. The assets it owns are not just a shell like Lehman Brothers in 2008, but tangible realizable assets. These assets are just not liquid, not worthless. Now Evergrande is facing a cash crisis, not insolvency. Moreover, in China, it is impossible for the Chinese government to let Evergrande go bankrupt. Evergrande, as China's second largest real estate company, is the only option for the Chinese government to rescue Evergrande. Just in the face of the systemic risks of the Chinese economy, the Chinese government must teach Evergrande a lesson, just like the Chinese government treats Alibaba. Just like the father taught his son, starving him for a day does not mean that he will starve to death.