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Who will pay back the 2.4 trillion yuan that Evergrande owes?
4:44pm, 29 May 2025【Football】
Although Xu Jiayin was fined 47 million yuan, who will pay back the 2.4 trillion yuan owed in the country? Many people don’t know that he also owes hundreds of billions of dollars in the United States. Now the IRS in the United States has begun to recover Evergrande's debts. If Evergrande cannot pay back the money, then the US will likely allow our country to replace Evergrande to repay the debt.
In the end, will this sky-high debt cost 1.4 billion people? The big hole that Xu Jiayin poked not only caused us a headache, but also a headache for the Americans. The American side thought that Xu Jiayin had escaped by filing bankruptcy protection in the United States, but he actually paid back the debts from the United States first. But unexpectedly, we attacked quickly and captured Xu Jiayin directly. After Xu Jiayin was arrested, Evergrande was completely in a storm. Only then did everyone know that Evergrande had been a broken ship in the early days, so poor that it sounded like a jingle. Xu Jiayin had long known that Evergrande was about to explode, but not only did he not think of a way to save Evergrande, but he was still taking this opportunity to transfer his property.
Although Evergrande owed huge debts, this did not delay Xu Jiayin's net worth tens of billions of dollars. So before Evergrande fell, Boss Xu technically divorced his wife Ding Yumei, asking Ding Yumei to go overseas with 50 billion yuan. As for the final result of Evergrande, maybe Xu Jiayin doesn’t care at all.
Best of all, I can say that Evergrande’s poor management is a problem of my ability, and bankruptcy is not what I wish. I am sorry to everyone. However, Evergrande's debt belongs to Evergrande's company, and it has nothing to do with me. Xu Jiayin thought so, and he did the same.
In fact, the relevant departments have long known that Evergrande is not going to work, so why didn’t Xu Jiayin touch before? Because the impact is too great. I didn’t move before, because I asked you to go to work hard, deal with the unfinished buildings of Evergrande, and do a good job in ensuring the delivery of buildings. As a result, Xu Jiayin was successful and actually did some speculation.
In July last year, Evergrande was exposed to owing a big hole of 2.4 trillion yuan and was already insolvent. But at this time, Xu Jiayin only wanted to file for bankruptcy protection, so of course we could not agree. On August 15, Xu Jiayin had a technical divorce with his wife Ding Yumei and had already made plans to run away.
However, on August 16, the China Securities Regulatory Commission directly announced an investigation into Evergrande Group. On August 17, Evergrande Group ran to the US court and filed a bankruptcy protection application, which shocked everyone's chins.
What is corporate bankruptcy protection? The focus is not on bankruptcy, but on protection, that is, during this period, Evergrande’s creditors were unable to collect debts from Evergrande. Xu Jiayin went to the United States to go bankrupt with a good plan. Evergrande's overseas debt is about US$22.7 billion, or about RMB 160 billion, which is the same as the 2.4 trillion debt in China, which is a drizzle. Therefore, with Evergrande's overseas assets, it is still possible to repay the 160 billion overseas debt.
So, why is Xu Jiayin willing to repay overseas debts? Because Xu Jiayin himself is Evergrande's overseas creditor, if Evergrande repays its overseas creditors, Xu Jiayin can make a fortune with it. You said Xu Jiayin did this, why are you waiting for if he didn’t arrest him? So on September 28, Evergrande Group issued an announcement that Boss Xu was arrested, the boss was arrested, and Jin Cicada failed to escape. The US has also begun to collect debts, saying that Evergrande’s debts should be paid by China’s guaranteed banks.
So how should Evergrande solve the 2.4 trillion yuan debt owed to China?
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