What league is Guangzhou?
Chinese Super League
AFC Champions League
Guangzhou F.C./Leagues
What happened Chinese Super League?
Relegated Chinese Super League club Qingdao FC has confirmed it will withdraw from the domestic football league due to deep financial woes. Just weeks out from the new season, CSL’s ongoing financial troubles continue unabated, with concern among players over unpaid wages reaching breaking point.
Why is China not good in football?
Actually China has a very developed football league with a lot of die hard fans. It is just marred with scandals and match fixing, no one really cares about playing the sport well. Here are some stats about the Women’s team whom are doing extremely well compared to their male counterparts.
Will Evergrande affect US real estate?
The US Federal Reserve has warned that stresses in the Chinese real-estate sector from Evergrande’s debt crisis could spill over to the US. In its Financial Stability report released on Monday, the Fed warned of high leverage at financial institutions and stretched real-estate valuations in China.
Why does Evergrande owe so much?
Once China’s most prolific property developer, Evergrande has become the country’s most indebted company. It owes money to lenders, suppliers and foreign investors. It owes unfinished apartments to home buyers and has racked up more than $300 billion in unpaid bills.
What happened to evergrande?
Evergrande shares halt Evergrande, once China’s top-selling developer and now reeling under more than $400 billion in liabilities, defaulted on some overseas bond payments in December and has struggled to repay suppliers and creditors and complete projects and homes.
Can Evergrande cause a market crash?
Analysts have predicted more defaults at other Chinese property developers are likely in the near future. Evergrande has liabilities exceeding $300bn, leading some observers to fear a default could collapse the Chinese property market and the country’s economy.
What will happen if Evergrande collapse?
After Evergrande defaulted on an $82.5 million coupon payment to bondholders overseas in early December, it stood on the precipice of becoming China’s biggest-ever defaulter, its offshore bonds worth $19.2 billion. A total collapse will ignite a market crisis in China and also—per the Federal Reserve—in the US.