{"id":12129,"date":"2021-09-30T01:38:45","date_gmt":"2021-09-30T01:38:45","guid":{"rendered":"https:\/\/vanhoimoi.org\/?p=12129"},"modified":"2021-09-30T01:38:48","modified_gmt":"2021-09-30T01:38:48","slug":"evergrande-buoc-ngoat-cua-phep-la-kinh-te-trung-cong","status":"publish","type":"post","link":"https:\/\/vanhoimoi.org\/?p=12129","title":{"rendered":"Evergrande, b\u01b0\u1edbc ngo\u1eb7t c\u1ee7a ph\u00e9p l\u1ea1 kinh t\u1ebf Trung C\u1ed9ng<\/strong>
T\u1ea0P CH\u00cd KINH T\u1ebe (RFI)<\/span>"},"content":{"rendered":"\n
\"\"
G\u00e1nh n\u1eb7ng nh\u1eefng c\u00f4ng tr\u00ecnh x\u00e2y d\u1ef1ng c\u00f2n dang d\u1edf c\u1ee7a Evergrande. \u1ea2nh minh h\u1ecda cho \u0111e d\u1ecda kh\u1ee7ng ho\u1ea3ng \u0111\u1ecba \u1ed1c t\u1ea1i Trung C\u1ed9ng.\u00a0Vivian Lin AFP\/Archivos<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n

L\u00e0 bi\u1ec3u t\u01b0\u1ee3ng c\u1ee7a ph\u00e9p l\u1ea1 kinh t\u1ebf Trung C\u1ed9ng, c\u1ee7a c\u01a1n s\u1ed1t \u0111\u1ecba \u1ed1c t\u1ea1i qu\u1ed1c gia \u0111\u00f4ng d\u00e2n nh\u1ea5t \u0111\u1ecba c\u1ea7u, t\u1eadp \u0111o\u00e0n b\u1ea5t \u0111\u1ed9ng s\u1ea3n Evergrande nay \u0111ang b\u00ean b\u1edd v\u1ef1c th\u1eb3m tr\u01b0\u1edbc n\u00fai n\u1ee3 t\u01b0\u01a1ng \u0111\u01b0\u01a1ng v\u1edbi 3 % GDP. V\u1edbi B\u1eafc Kinh, Evergrande l\u00e0 m\u1ed9t th\u00e1ch th\u1ee9c c\u1ea3 tr\u00ean ba m\u1eb7t tr\u1eadn : t\u00e0i ch\u00ednh, x\u00e3 h\u1ed9i v\u00e0 ch\u00ednh tr\u1ecb.<\/p>\n\n\n\n

\u00ab Evergrande, m\u1ed9t phi\u00ean b\u1ea3n m\u1edbi c\u1ee7a Lehman Brothers<\/strong> \u00bb : truy\u1ec1n th\u00f4ng qu\u1ed1c t\u1ebf c\u1ea3nh b\u00e1o \u00ab m\u1ed9t c\u01a1n b\u00e3o t\u00e0i ch\u00ednh m\u1edbi \u00bb d\u1ea5y l\u00ean t\u1eeb Trung C\u1ed9ng c\u00f3 nguy c\u01a1 t\u00e1c \u0111\u1ed9ng t\u1edbi to\u00e0n c\u1ea7u. Nh\u01b0ng tr\u01b0\u1edbc m\u1eaft \u0111\u00e2y l\u00e0 m\u1ed9t cu\u1ed9c kh\u1ee7ng ho\u1ea3ng \u0111e d\u1ecda \u0111\u1ebfn \u1ed5n \u0111\u1ecbnh x\u00e3 h\u1ed9i v\u00e0 t\u00ednh ch\u00ednh \u0111\u00e1ng c\u1ee7a \u0111\u1ea3ng C\u1ed9ng S\u1ea3n Trung C\u1ed9ng.<\/p>\n\n\n\n

Evergrande v\u1edbi m\u1ee9c n\u1ee3 \u01b0\u1edbc t\u00ednh l\u00ean t\u1edbi 300 t\u1ef7 \u0111\u00f4 la c\u00f3 nguy c\u01a1 k\u00e9o theo c\u1ea3 ng\u00e0nh \u0111\u1ecba \u1ed1c l\u1eabn t\u00e0i ch\u00ednh ng\u00e2n h\u00e0ng Trung C\u1ed9ng v\u00e0o v\u00f2ng xo\u00e1y, k\u1ebf t\u1edbi l\u00e0 nh\u1eefng c\u1ed5 \u0111\u00f4ng \u0111\u1ea7u t\u01b0 v\u00e0o Evergrande<\/strong>. T\u1eeb \u0111\u1ea7u 2021 c\u1ed5 phi\u1ebfu c\u1ee7a t\u1eadp \u0111o\u00e0n m\u1ea5t gi\u00e1 90 % tr\u00ean c\u00e1c s\u00e0n ch\u1ee9ng kho\u00e1n t\u1ea1i Hoa l\u1ee5c v\u00e0 H\u1ed3ng K\u00f4ng, h\u00e0ng t\u1ef7 \u0111\u00f4 la tan th\u00e0nh m\u00e2y kh\u00f3i.<\/strong><\/p>\n\n\n\n

Nguy c\u01a1 hi\u1ec7n t\u01b0\u1ee3ng \u0111\u1ed5 d\u00e0n<\/strong><\/p>\n\n\n\n

Evergrande \u0111\u00e3 nh\u1eadn ti\u1ec1n \u0111\u1eb7t c\u1ecdc c\u1ee7a kh\u00e1ch h\u00e0ng \u0111\u1ec3 giao 45 tri\u1ec7u m\u00e9t vu\u00f4ng b\u1ea5t \u0111\u1ed9ng s\u1ea3n nh\u01b0ng nh\u1eefng c\u00f4ng tr\u00ecnh \u0111\u00f3 v\u1eabn ch\u01b0a ho\u00e0n t\u1ea5t. C\u00f4ng ty thi\u1ebfu ti\u1ec1n m\u1eb7t \u0111\u1ec3 750 c\u00f4ng tr\u01b0\u1eddng \u1edf tr\u00ean 200 th\u00e0nh ph\u1ed1 t\u1ea1i Trung C\u1ed9ng ti\u1ebfp t\u1ee5c ho\u1ea1t \u0111\u1ed9ng. Kho\u1ea3ng 200.000 c\u00f4ng nh\u00e2n vi\u00ean c\u1ee7a Evergrande  b\u1ecb \u0111e d\u1ecda m\u1ea5t vi\u1ec7c. H\u00e0ng ng\u00e0n \u0111\u1ed1i t\u00e1c c\u1ee7a c\u00f4ng ty b\u1ea5t \u0111\u1ed9ng s\u1ea3n n\u00e0y, t\u1eeb gi\u1edbi ph\u00e2n ph\u1ed1i v\u1eadt li\u1ec7u x\u00e2y d\u1ef1ng \u0111\u1ebfn c\u00e1c c\u00f4ng ty m\u00f4i gi\u1edbi \u0111\u1ecba \u1ed1c b\u1ecb v\u1ea1 l\u00e2y. Tr\u00ean d\u01b0\u1edbi b\u1ed1n tri\u1ec7u lao \u0111\u1ed9ng Trung C\u1ed9ng s\u1ebd b\u1ecb th\u1ea5t nghi\u1ec7p trong tr\u01b0\u1eddng h\u1ee3p Evergrande m\u1ea5t kh\u1ea3 n\u0103ng thanh to\u00e1n.<\/p>\n\n\n\n

Tr\u00ean \u0111\u00e0i RFI Ph\u00e1p ng\u1eef, chuy\u00ean gia kinh t\u1ebf Mary Fran\u00e7oise Renard<\/strong> \u0111\u1ea1i h\u1ecdc Clermond Ferrand tr\u01b0\u1edbc h\u1ebft gi\u1ea3i th\u00edch cung c\u00e1ch l\u00e0m \u0103n theo ki\u1ec3u \u201cm\u01b0\u1ee3n d\u1ea7u heo n\u1ea5u ch\u00e1o\u201d<\/strong> c\u1ee7a t\u1eadp \u0111o\u00e0n b\u1ea5t \u0111\u1ed9ng s\u1ea3n l\u1edbn th\u1ee9 nh\u00ec t\u1ea1i Trung C\u1ed9ng :  <\/p>\n\n\n\n

Mary Fran\u00e7oise Renard<\/strong> : \u201cT\u01b0\u01a1ng t\u1ef1 nh\u01b0 r\u1ea5t nhi\u1ec1u doanh nghi\u1ec7p t\u1ea1i Trung C\u1ed9ng, Evergrande \u0111\u00e3 l\u1edbn m\u1ea1nh nh\u1edd \u0111i vay n\u1ee3. <\/strong>Trong giai \u0111o\u1ea1n 2008-2009 c\u0169ng v\u00ec mu\u1ed1n tr\u00e1nh \u0111\u1ec3 b\u1ecb sa l\u01b0\u1edbi kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u, B\u1eafc Kinh \u0111\u00e3 cho m\u1edf van t\u00edn d\u1ee5ng, khuy\u1ebfn kh\u00edch ti\u00eau th\u1ee5 n\u1ed9i \u0111\u1ecba. Trung C\u1ed9ng khi \u0111\u00f3 ch\u1ee7 tr\u01b0\u01a1ng chuy\u1ec3n h\u01b0\u1edbng m\u00f4 h\u00ecnh kinh t\u1ebf, gi\u1ea3m b\u1edbt l\u1ec7 thu\u1ed9c v\u00e0o xu\u1ea5t kh\u1ea9u v\u00e0 l\u1ea5y ti\u00eau th\u1ee5 n\u1ed9i \u0111\u1ecba l\u00e0m ch\u1ee7 l\u1ef1c. C\u00f3 \u0111i\u1ec1u c\u00e1c ngu\u1ed3n t\u00edn d\u1ee5ng d\u1ed3i d\u00e0o \u0111\u00e3 d\u1eabn t\u1edbi hi\u1ec7n t\u01b0\u1ee3ng \u0111\u1ea7u c\u01a1. \u0110a ph\u1ea7n, ng\u01b0\u1eddi ta \u0111\u1ea7u c\u01a1 v\u00e0o \u0111\u1ecba \u1ed1c.<\/strong> Evergrande \u0111\u00e3 d\u1ec5 d\u00e0ng \u0111i vay cho \u0111\u1ebfn l\u00fac t\u1eadp \u0111o\u00e0n n\u00e0y m\u1eafc n\u1ee3 qu\u00e1 nhi\u1ec1u<\/strong>. Th\u00eam v\u00e0o \u0111\u00f3 t\u1eeb \u0111\u1ea7u n\u0103m nay, B\u1eafc Kinh \u0111\u00e3 \u00e1p \u0111\u1eb7t m\u1ed9t s\u1ed1 l\u1eb1n ranh \u0111\u1ecf, quy \u0111\u1ecbnh m\u1ed9t m\u1ee9c n\u1ee3 kh\u00f4ng th\u1ec3 v\u01b0\u1ee3t qua, h\u1ea1n ch\u1ebf m\u1ee9c t\u00edn d\u1ee5ng c\u1ea5p cho c\u00e1c t\u1eadp \u0111o\u00e0n x\u00e2y d\u1ef1ng v\u00e0 \u0111\u1ecba \u1ed1c<\/strong>. L\u1eadp t\u1ee9c Evergrande thi\u1ebfu h\u1ee5t ti\u1ec1n m\u1eb7t<\/strong>. C\u00f4ng ty n\u00e0y \u0111\u00e3 ph\u1ea3i b\u00e1n r\u1ebb m\u1ed9t s\u1ed1 d\u1ef1 \u00e1n \u0111\u1ec3 thu ti\u1ec1n v\u00e0o k\u1ecbp th\u1eddi. Nh\u01b0ng ngay c\u1ea3 bi\u1ec7n ph\u00e1p ch\u1eefa ch\u00e1y n\u00e0y c\u0169ng kh\u00f4ng \u0111\u1ee7 \u0111\u1ec3 thanh to\u00e1n n\u1ee3 \u0111\u00e1o h\u1ea1n. Evergrande r\u01a1i v\u00e0o c\u00e1i v\u00f2ng lu\u1ea9n qu\u1ea9n. Nghi\u00eam tr\u1ecdng h\u01a1n n\u1eefa l\u00e0 do Evergrande ph\u1ea3i h\u1ea1 gi\u00e1 nh\u00e0 \u0111\u1ea5t v\u1edbi hy v\u1ecdng chi\u00eau d\u1ee5 th\u00eam kh\u00e1ch h\u00e0ng, n\u00ean t\u1eadp \u0111o\u00e0n n\u00e0y \u0111\u00e3 k\u00e9o theo c\u1ea3 th\u1ecb tr\u01b0\u1eddng \u0111\u1ecba \u1ed1c t\u1ea1i Trung C\u1ed9ng xu\u1ed1ng gi\u00e1.<\/strong> H\u1eadu qu\u1ea3 k\u00e8m theo n\u1eefa l\u00e0 m\u1ed9t s\u1ed1 c\u00f4ng ty nh\u1ecf m\u00e0 c\u0169ng v\u1eadn h\u00e0nh theo ki\u1ec3u \u0111i vay n\u1ee3 \u0111\u1ec3 ph\u00e1t tri\u1ec3n, \u0111\u00e3 v\u1ee1 n\u1ee3\u201d.<\/p>\n\n\n\n

Gi\u00e1o s\u01b0 Renard cho r\u1eb1ng, trong tr\u01b0\u1eddng h\u1ee3p b\u1ecb s\u1ee5p \u0111\u1ed5 th\u00ec \u00ab ch\u1ea5n \u0111\u1ed9ng \u00bb t\u1eeb v\u1ee5 ph\u00e1 s\u1ea3n n\u00e0y v\u01b0\u1ee3t ra ngo\u00e0i ho\u00e0n c\u1ea3nh Evergrande. Ng\u00e0nh \u0111\u1ecba \u1ed1c chi\u1ebfm \u0111\u1ebfn 13 % GDP c\u1ee7a Trung C\u1ed9ng v\u00e0 n\u1ebfu t\u00ednh lu\u00f4n c\u1ea3 c\u00e1c \u0111\u1ed1i t\u00e1c tr\u1ef1c ti\u1ebfp c\u1ee7a c\u00e1c t\u1eadp \u0111o\u00e0n b\u1ea5t \u0111\u1ed9ng s\u1ea3n \u1edf Hoa l\u1ee5c, th\u00ec v\u1ebft d\u1ea7u – n\u1ebfu c\u00f3 – s\u1ebd lan r\u1ed9ng \u0111\u1ebfn c\u1ea3 g\u1ea7n 30 % GDP.<\/strong><\/p>\n\n\n\n

Mary Fran\u00e7oise Renard <\/strong>: \u201cH\u1eadu qu\u1ea3 tr\u01b0\u1edbc h\u1ebft l\u00e0 \u0111\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00e3 mua c\u1ed5 phi\u1ebfu c\u1ee7a Evergrande<\/strong>, trong \u0111\u00f3 c\u00f3 c\u1ea3 m\u1ed9t s\u1ed1 c\u1ed5 \u0111\u00f4ng n\u01b0\u1edbc ngo\u00e0i, nh\u01b0ng \u0111\u00f3 ch\u1ec9 l\u00e0 m\u1ed9t s\u1ed1 \u00edt. T\u00e1c \u0111\u1ed9ng \u0111\u00e1ng ng\u1ea1i h\u01a1n nhi\u1ec1u l\u00e0 \u0111\u1ed1i v\u1edbi b\u1ea3n th\u00e2n kinh t\u1ebf Trung C\u1ed9ng. C\u00f3 nhi\u1ec1u kh\u1ea3 n\u0103ng ch\u00ednh quy\u1ec1n s\u1ebd t\u00e1i c\u1ea5u tr\u00fac n\u1ee3 c\u1ee7a Evergrande c\u00f3 ngh\u0129a l\u00e0 \u0111\u1eb7t \u0111\u1ea1i t\u1eadp \u0111o\u00e0n \u0111\u1ecba \u1ed1c n\u00e0y d\u01b0\u1edbi s\u1ef1 l\u00e3nh \u0111\u1ea1o c\u1ee7a Nh\u00e0 n\u01b0\u1edbc, huy \u0111\u1ed9ng Ng\u00e2n H\u00e0ng Trung \u01af\u01a1ng v\u00e0 c\u00e1c ng\u00e2n h\u00e0ng c\u1ee7a Nh\u00e0 n\u01b0\u1edbc b\u01a1m ti\u1ec1n cho Evergrande<\/strong>. Ngo\u00e0i ra B\u1eafc Kinh c\u0169ng \u0111\u00e3 r\u1ea5t th\u1eadn tr\u1ecdng can thi\u1ec7p tr\u00e1nh \u0111\u1ec3 Evergrande nh\u01b0 v\u1ebft d\u1ea7u loang, \u0111e d\u1ecda ng\u00e0nh \u0111\u1ecba \u1ed1c tr\u00ean to\u00e0n qu\u1ed1c. Nguy c\u01a1 n\u00e0y l\u00e0 c\u00f3 th\u1ef1c do \u0111\u00e3 c\u00f3 nhi\u1ec1u c\u00f4ng ty x\u00e2y d\u1ef1ng kh\u00e1c tuy\u00ean b\u1ed1 ph\u00e1 s\u1ea3n.<\/strong> Nh\u00ecn xa h\u01a1n n\u1eefa, theo t\u00f4i, \u0111i\u1ec1u khi\u1ebfn c\u1ea3 B\u1eafc Kinh l\u1eabn gi\u1edbi quan s\u00e1t lo ng\u1ea1i \u0111\u00f3 l\u00e0 kh\u1ea3 n\u0103ng th\u1ea9m \u0111\u1ecbnh v\u1ec1 m\u1ee9c n\u1ee3 th\u1ef1c s\u1ef1 c\u1ee7a c\u00e1c c\u00f4ng ty Trung C\u1ed9ng, v\u00e0 v\u1ec1 r\u1ee7i ro \u0111\u1ed1i v\u1edbi c\u00e1c ch\u1ee7 n\u1ee3. \u0110\u00f3 m\u1edbi ch\u00ednh l\u00e0 m\u1ed9t v\u1ea5n \u0111\u1ec1 l\u1edbn \u0111ang \u0111\u1eb7t ra v\u1edbi Trung C\u1ed9ng\u201d.   <\/p>\n\n\n\n

B\u1eafc Kinh s\u1ebd can thi\u1ec7p<\/strong><\/p>\n\n\n\n

C\u0169ng tr\u00ean \u0111\u00e0i RFI ti\u1ebfng Ph\u00e1p, \u00f4ng Jean-Fran\u00e7ois Dufour, gi\u00e1m \u0111\u1ed1c c\u01a1 quan t\u01b0 v\u1ea5n DCA Chine Analyse nh\u1ea5n m\u1ea1nh \u0111\u1ebfn m\u1ee9c \u0111\u1ed9 nghi\u00eam tr\u1ecdng c\u1ee7a h\u1ed3 s\u01a1 \u0111ang l\u00e0m B\u1eafc Kinh \u0111au \u0111\u1ea7u, nh\u01b0ng ho\u00e0n to\u00e0n lo\u1ea1i tr\u1eeb k\u1ecbch b\u1ea3n Evergrande b\u1ecb ch\u00ednh quy\u1ec1n \u00ab b\u1ecf r\u01a1i \u00bb nh\u01b0 k\u1ecbch b\u1ea3n t\u1eebng x\u1ea3y ra v\u1edbi Lehman Brothers c\u1ee7a M\u1ef9 h\u1ed3i 2008 :<\/p>\n\n\n\n

Jean-Fran\u00e7ois Dufour<\/strong>:  \u00ab Th\u1eadm ch\u00ed ch\u00fang ta kh\u00f4ng c\u00f3 nh\u1eefng con s\u1ed1 ch\u00ednh x\u00e1c v\u1ec1 m\u1ee9c n\u1ee3 c\u1ee7a Evergrande, m\u00e0 \u0111\u00e2y ch\u1ec9 l\u00e0 m\u1ee9c th\u1ea9m \u0111\u1ecbnh. Tuy nhi\u00ean s\u1ed1 ti\u1ec1n \u0111\u00f3 c\u0169ng \u0111\u1ee7 cho th\u1ea5y t\u00ecnh tr\u1ea1ng t\u1ec7 h\u1ea1i \u0111\u1ebfn m\u1ee9c n\u00e0o \u0111\u1ed1i v\u1edbi t\u1eadp \u0111o\u00e0n \u0111\u1ecba \u1ed1c n\u00e0y. Th\u1ef1c t\u1ebf ph\u1ea3n \u00e1nh hai \u0111i\u1ec1u<\/strong> : m\u1ed9t l\u00e0 Evergrande kh\u00f4ng th\u1ec3 ti\u1ebfp t\u1ee5c t\u1ed3n t\u1ea1i v\u00e0 ho\u1ea1t \u0111\u1ed9ng theo l\u1ed1i m\u00f2n t\u1eeb 25 n\u0103m nay. Th\u1ee9 hai l\u00e0 trong m\u1ecdi t\u00ecnh hu\u1ed1ng, \u0111\u1eebng qu\u00ean r\u1eb1ng ch\u00fang ta \u0111ang n\u00f3i v\u1ec1 Trung C\u1ed9ng (n\u01a1i m\u00e0 ch\u00ednh quy\u1ec1n can thi\u1ec7p v\u00e0o c\u00e1c ho\u1ea1t \u0111\u1ed9ng kinh t\u1ebf) : th\u00e0nh th\u1eed k\u1ecbch b\u1ea3n \u0111\u1ea1i c\u00f4ng ty n\u00e0y ph\u00e1 s\u1ea3n theo \u0111\u1ecbnh ngh\u0129a \u1edf ph\u01b0\u01a1ng T\u00e2y, l\u00e0 \u0111i\u1ec1u kh\u00f4ng th\u1ec3 x\u1ea3y ra.<\/strong><\/p>\n\n\n\n

Evergrande kh\u00f4ng ph\u1ea3i l\u00e0 m\u1ed9t l\u0129nh v\u1ef1c chi\u1ebfn l\u01b0\u1ee3c trong m\u1eaft c\u00e1c gi\u1edbi ch\u1ee9c Trung C\u1ed9ng, th\u1ebf nh\u01b0ng tr\u1ecdng l\u01b0\u1ee3ng v\u1ec1 kinh t\u1ebf c\u1ee7a t\u1eadp \u0111o\u00e0n n\u00e0y c\u0169ng nh\u01b0 \u1ea3nh h\u01b0\u1edfng c\u1ee7a Evergrande \u0111\u1ed1i v\u1edbi x\u00e3 h\u1ed9i l\u1ea1i qu\u00e1 l\u1edbn. N\u1ebfu nh\u01b0 c\u00f4ng  ty \u0111\u1ecba \u1ed1c n\u00e0y ph\u00e1 s\u1ea3n th\u00ec kh\u1ebf \u01b0\u1edbc ng\u1ea7m gi\u1eefa \u0111\u1ea3ng C\u1ed9ng S\u1ea3n Trung C\u1ed9ng v\u1edbi ng\u01b0\u1eddi d\u00e2n n\u01b0\u1edbc n\u00e0y s\u1ebd b\u1ecb chao \u0111\u1ea3o<\/strong>. Kh\u1ebf \u01b0\u1edbc \u0111\u00f3 d\u1ef1a tr\u00ean m\u1ed9t nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n \u0111\u00f3 l\u00e0 ng\u01b0\u1eddi d\u00e2n trao quy\u1ec1n l\u1ef1c cho \u0110\u1ea3ng \u0111\u1ec3 \u0111\u1ed1i l\u1ea5y \u1ea5m no, \u0111\u1ec3 \u0111\u01b0\u1ee3c b\u1ea3o \u0111\u1ea3m tho\u00e1t kh\u1ecfi c\u1ea3nh \u0111\u00f3i ngh\u00e8o<\/u><\/strong>. Evergrande m\u00e0 kh\u00e1nh t\u1eadn, h\u00e0ng tri\u1ec7u ng\u01b0\u1eddi s\u1ebd tr\u1eafng tay. Th\u00e0nh th\u1eed t\u00f4i cho r\u1eb1ng B\u1eafc Kinh ho\u00e0n to\u00e0n kh\u00f4ng th\u1ec3 \u0111\u1ec3 cho Evergrande b\u1ecb s\u1ee5p \u0111\u1ed5 \u00bb.<\/p>\n\n\n\n

Hai hi\u1ec7n t\u01b0\u1ee3ng gi\u1ea3i th\u00edch cho \u00ab c\u01a1n s\u1ed1t \u0111\u1ecba \u1ed1c \u00bb t\u1ea1i Trung C\u1ed9ng k\u1ec3 t\u1eeb th\u1eadp ni\u00ean 1990 khi ng\u00e0nh \u0111\u1ecba \u1ed1c \u0111\u01b0\u1ee3c \u00ab c\u1edfi tr\u00f3i \u00bb : m\u1ed9t l\u00e0 nh\u1ecbp \u0111\u1ed9 c\u00e1c th\u00e0nh ph\u1ed1 t\u1ea1i qu\u1ed1c gia n\u00e0y ph\u00e1t tri\u1ec3n k\u1ec3 t\u1eeb \u0111\u1ea7u th\u1eadp ni\u00ean 1980 v\u00e0 k\u00e8m theo \u0111\u00f3 l\u00e0 gi\u00e1 nh\u00e0 \u0111\u1ea5t t\u1ea1i th\u00e0nh ph\u1ed1 t\u0103ng m\u1ea1nh. Theo b\u00e1o t\u00e0i ch\u00ednh M\u1ef9, Bloomberg, t\u1eeb n\u0103m 2000 trung b\u00ecnh gi\u00e1 thu\u00ea nh\u00e0 t\u1ea1i Trung C\u1ed9ng t\u0103ng t\u1eeb 15 \u0111\u1ebfn 20 % m\u1ed9t n\u0103m. \u0110\u00e2y l\u00e0 \u0111\u1ed9ng l\u1ef1c khi\u1ebfn ng\u01b0\u1eddi d\u00e2n Trung C\u1ed9ng \u0111i vay t\u00edn d\u1ee5ng \u0111\u1ec3 mua nh\u00e0 \u0111\u1ea7u c\u01a1 v\u00e0 c\u0169ng l\u00e0 l\u00fd do th\u1ee9 nh\u00ec. Gi\u00e1m \u0111\u1ed1c c\u01a1 quan t\u01b0 v\u1ea5n DCA Chine Analyse Jean- Fran\u00e7ois Dufour gi\u1ea3i th\u00edch v\u1ec1 ngh\u1ecbch l\u00fd c\u1ee7a ng\u00e0nh x\u00e2y d\u1ef1ng v\u00e0 \u0111\u1ecba \u1ed1c t\u1ea1i Trung C\u1ed9ng:<\/p>\n\n\n\n

Jean-Fran\u00e7ois Dufour :<\/strong> \u201cT\u00ecnh hu\u1ed1ng kh\u00e1 o\u00e1i o\u0103m : t\u1eeb tr\u01b0\u1edbc \u0111\u1ebfn gi\u1edd \u0111\u1ecba \u1ed1c l\u00e0 m\u1ed9t l\u0129nh v\u1ef1c lu\u00f4n mang n\u1ee3 ch\u1ed3ng ch\u1ea5t v\u00e0 d\u1ec5 b\u1ecb \u0111\u1ed9ng. N\u1ebfu nh\u01b0 m\u00f4i tr\u01b0\u1eddng kinh t\u1ebf thu\u1eadn l\u1ee3i th\u00ec m\u1ecdi vi\u1ec7c \u00eam xu\u00f4i, t\u1ee9c l\u00e0 d\u00f9ng ti\u1ec1n \u0111\u1eb7t c\u1ecdc c\u1ee7a nh\u1eefng l\u1edbp kh\u00e1ch h\u00e0ng \u0111\u1ebfn sau \u0111\u1ec3 ho\u00e0n t\u1ea5t c\u00e1c d\u1ef1 \u00e1n v\u00e0 giao nh\u00e0 k\u1ecbp th\u1eddi cho nh\u1eefng \u0111\u1ee3t ng\u01b0\u1eddi \u0111\u1ebfn tr\u01b0\u1edbc<\/strong>. V\u1ea5n \u0111\u1ec1 \u0111\u1eb7t ra l\u00e0 t\u00ecnh h\u00ecnh \u0111\u00e3 kh\u00f3 kh\u0103n h\u1eb3n d\u01b0\u1edbi t\u00e1c \u0111\u1ed9ng c\u1ee7a d\u1ecbch Covid-19 v\u00e0 nh\u1ea5t l\u00e0 do B\u1eafc Kinh kh\u00f3a van t\u00edn d\u1ee5ng \u0111\u1ec3 gi\u1ea3m thi\u1ec3u m\u1ee9c n\u1ee3 c\u1ee7a c\u00e1c doanh nghi\u1ec7p, \u0111\u1ec3 ng\u0103n ch\u1eadn c\u00e1c ho\u1ea1t \u0111\u1ed9ng \u0111\u1ea7u c\u01a1, b\u1edfi ai c\u0169ng bi\u1ebft, \u0111\u00f3 l\u00e0 nh\u1eefng qu\u1ea3 bom n\u1ed5 ch\u1eadm. Evergrande l\u00e2m v\u00e0o th\u1ebf k\u1eb9t, ti\u1ec1n v\u00e0o th\u00ec kh\u00f4ng nh\u01b0 tr\u01b0\u1edbc m\u00e0 l\u1ea1i ph\u1ea3i tr\u1ea3 n\u1ee3 \u0111\u00e1o h\u1ea1n : ch\u1ec9 n\u1ed9i m\u1ee9c ti\u1ec1n l\u00e3i l\u00ean t\u1edbi h\u00e0ng ch\u1ee5c tri\u1ec7u \u0111\u00f4 la M\u1ef9.<\/strong> B\u1eafc Kinh kh\u00f4ng d\u00e1m \u0111\u1ec3 cho Evergrande v\u1ee1 n\u1ee3 n\u00ean r\u1ea5t c\u00f3 th\u1ec3 l\u00e0 m\u1ed9t m\u1eb7t s\u1ebd gi\u00e0nh l\u1ea1i quy\u1ec1n qu\u1ea3n l\u00fd c\u00f4ng ty n\u00e0y, m\u1eb7t kh\u00e1c huy \u0111\u1ed9ng c\u00e1c \u0111\u1ecbnh ch\u1ebf t\u00e0i ch\u00ednh c\u1ee7a Nh\u00e0 n\u01b0\u1edbc mua l\u1ea1i n\u1ee3 c\u1ee7a Evergrande.<\/strong> M\u1ee5c \u0111\u00edch \u1edf \u0111\u00e2y l\u00e0 c\u00e1c c\u00f4ng tr\u01b0\u1eddng v\u1eabn c\u00f3 th\u1ec3 ho\u1ea1t \u0111\u1ed9ng, b\u1ea3o \u0111\u1ea3m c\u00f4ng vi\u1ec7c cho h\u00e0ng tri\u1ec7u c\u00f4ng nh\u00e2n, nh\u00e2n vi\u00ean\u201d.<\/p>\n\n\n\n

Evergrande, T\u1eadp C\u1eadn B\u00ecnh ti\u1ebfn tho\u00e1i l\u01b0\u1ee1ng nan<\/strong><\/p>\n\n\n\n

Sau \u0111\u1ea1i d\u1ecbch Covid-19 t\u0103ng tr\u01b0\u1edfng c\u1ee7a Trung C\u1ed9ng \u0111\u00e3 b\u1ecb lao \u0111ao, \u0111\u00e2y kh\u00f4ng ph\u1ea3i l\u00e0 th\u1eddi \u0111i\u1ec3m \u0111\u1ec3 n\u1ec1n kinh t\u1ebf th\u1ee9 nh\u00ec th\u1ebf gi\u1edbi h\u1ee9ng ch\u1ecbu th\u00eam m\u1ed9t c\u00fa s\u1ed1c kh\u00e1c. C\u00e2u h\u1ecfi c\u00f2n l\u1ea1i l\u00e0 B\u1eafc Kinh can thi\u1ec7p \u0111\u1ec3 c\u1ee9u Evergrande d\u01b0\u1edbi h\u00ecnh th\u1ee9c n\u00e0o v\u00e0 \u0111\u00e2u l\u00e0 th\u00f4ng \u0111i\u1ec7p g\u1eedi \u0111\u1ebfn nh\u1eefng \u00ab con t\u00ea gi\u00e1c x\u00e1m \u00bb – t\u1ee9c l\u00e0 nh\u1eefng t\u1eadp \u0111o\u00e0n l\u1edbn mang n\u1ee3 ch\u1ed3ng ch\u1ea5t. Bertrand Harteman l\u00e0m vi\u1ec7c trong l\u0129nh v\u1ef1c c\u00f4ng ngh\u1ec7 v\u1edbi 10 n\u0103m kinh nghi\u1ec7m t\u1ea1i Trung C\u1ed9ng gi\u1ea3i th\u00edch th\u00eam v\u1ec1 t\u00ednh to\u00e1n c\u1ee7a B\u1eafc Kinh khi c\u1ee9u Evergrande : <\/p>\n\n\n\n

Bertrand Harteman :<\/strong> \u201cC\u00f3 nh\u1eefng t\u1eadp \u0111o\u00e0n l\u1edbn \u0111\u1ebfn n\u1ed7i \u0111\u1ee7 s\u1ee9c \u0111\u1ec3 b\u1eaft th\u1ecb tr\u01b0\u1eddng ph\u1ea3i \u0111i theo, ch\u00ednh nh\u1eefng t\u1eadp \u0111o\u00e0n \u0111\u00f3 \u00e1p \u0111\u1eb7t lu\u1eadt ch\u01a1i v\u1edbi th\u1ecb tr\u01b0\u1eddng. C\u00f4ng lu\u1eadn trong x\u00e3 h\u1ed9i Trung C\u1ed9ng b\u1eaft \u0111\u1ea7u b\u1ea5t m\u00e3n tr\u01b0\u1edbc c\u1ea3nh ng\u01b0\u1eddi lao \u0111\u1ed9ng b\u1ecb b\u00f3c l\u1ed9t : nh\u1edd \u0111\u1ea1i d\u1ecbch Covid-19, Alibaba ch\u1eb3ng h\u1ea1n \u0111\u00e3 l\u00e3i kh\u00f4ng bi\u1ebft bao nhi\u00eau m\u00e0 k\u1ec3 v\u00e0 c\u1ee7ng c\u1ed1 v\u1ecb tr\u00ed \u0111\u1ed9c quy\u1ec1n c\u1ee7a t\u1eadp \u0111o\u00e0n n\u00e0y, nh\u01b0ng l\u1ea1i kh\u00f4ng chia s\u1ebb l\u1ee3i nhu\u1eadn \u0111\u00f3 cho nh\u1eefng ng\u01b0\u1eddi giao h\u00e0ng, trong l\u00fac \u0111\u00f3 m\u1edbi l\u00e0 nh\u1eefng m\u1eaft x\u00edch gi\u1eef cho kinh t\u1ebf Trung C\u1ed9ng c\u1ea7m c\u1ef1 \u0111\u01b0\u1ee3c trong nh\u1eefng tu\u1ea7n l\u1ec5 kh\u1ee7ng ho\u1ea3ng. C\u00e0ng l\u00fac c\u00e0ng c\u00f3 nhi\u1ec1u ng\u01b0\u1eddi ch\u1ec9 tr\u00edch c\u00e1c t\u1eadp \u0111o\u00e0n kh\u1ed5ng l\u1ed3 c\u1ee7a nh\u1eefng nh\u00e0 t\u1ef7 ph\u00fa \u0111\u00f3. H\u01a1n n\u1eefa gi\u1edbi tr\u1ebb kh\u00f4ng c\u00f2n ch\u1ea5p nh\u1eadn m\u00f4 h\u00ecnh 9-9-6 t\u1ee9c l\u00e0 l\u00e0m vi\u1ec7c t\u1eeb 9 gi\u1edd s\u00e1ng \u0111\u1ebfn 9 gi\u1edd t\u1ed1i, v\u00e0 6 ng\u00e0y trong tu\u1ea7n. M\u1ed9t l\u00e0n s\u00f3ng ph\u1ea3n kh\u00e1ng b\u1eaft \u0111\u1ea7u ch\u1edbm n\u1edf t\u1ea1i Trung C\u1ed9ng v\u00e0 g\u00e2y lo ng\u1ea1i cho h\u00e0ng ng\u0169 l\u00e3nh \u0111\u1ea1o. \u0110\u00f3 ch\u00ednh l\u00e0 m\u1ed9t trong nh\u1eefng \u0111\u1ed9ng c\u01a1 th\u00fac \u0111\u1ea9y ch\u00ednh quy\u1ec1n B\u1eafc Kinh ban h\u00e0nh \u0111\u1ea1o lu\u1eadt b\u1ea3o v\u1ec7 th\u00f4ng tin c\u00e1 nh\u00e2n, v\u00e0 b\u1eaft \u0111\u1ea7u t\u1ea5n c\u00f4ng th\u1ebf g\u1ea7n nh\u01b0 \u0111\u1ed9c quy\u1ec1n c\u1ee7a m\u1ed9t s\u1ed1 c\u00f4ng ty\u201d.<\/p>\n\n\n\n

Nh\u00ecn r\u1ed9ng ra h\u01a1n, c\u1ee9u Evergrande Trung C\u1ed9ng s\u1ebd c\u1ee9u 40 % t\u00e0i s\u1ea3n c\u1ee7a ng\u01b0\u1eddi d\u00e2n Trung C\u1ed9ng theo th\u1ea9m \u0111\u1ecbnh c\u1ee7a ng\u00e2n h\u00e0ng Nordea. \u1ede \u0111\u00e2y t\u00ednh to\u00e1n ch\u00ednh tr\u1ecb c\u1ee7a \u00f4ng T\u1eadp C\u1eadn B\u00ecnh c\u0169ng ph\u1ee9c t\u1ea1p kh\u00f4ng k\u00e9m : m\u1ed9t m\u1eb7t, b\u1eb1ng m\u1ecdi gi\u00e1 B\u1eafc Kinh ph\u1ea3i duy tr\u00ec \u1ed5n \u0111\u1ecbnh trong x\u00e3 h\u1ed9i, xoa d\u1ecbu nh\u1eefng b\u1ea5t b\u00ecnh b\u1eaft \u0111\u1ea7u nhem nh\u00fam trong c\u00f4ng lu\u1eadn tr\u01b0\u1edbc nh\u1eefng b\u1ea5t b\u00ecnh \u0111\u1eb3ng ng\u00e0y c\u00e0ng l\u1edbn v\u00e0 c\u00e0ng kh\u00f3 ch\u1ea5p nh\u1eadn. M\u1eb7t kh\u00e1c Evergrande v\u1edbi c\u00e1i t\u00ean Trung C\u1ed9ng l\u00e0 t\u1eadp \u0111o\u00e0n H\u1eb1ng \u0110\u1ea1i do m\u1ed9t doanh nh\u00e2n \u00ab tay tr\u1eafng \u00bb d\u1ef1ng n\u00ean c\u01a1 \u0111\u1ed3, \u0111\u00f3 l\u00e0 \u00f4ng H\u1ee9a Gia \u1ea4n (Xu Jiayin). Theo nh\u00e0 nghi\u00ean c\u1ee9u ng\u01b0\u1eddi Canada, Alex Payette ch\u1ee7 t\u1ecbch t\u1ed5ng gi\u00e1m \u0111\u1ed1c c\u01a1 quan t\u01b0 v\u1ea5n Cercius, t\u1ea1i Montr\u00e9al, Evergrande c\u00f3 \u0111\u01b0\u1ee3c th\u00e0nh c\u00f4ng r\u1ef1c r\u1ee1 l\u00e0 nh\u1edd h\u1ecd H\u1ee9a n\u1ea5p d\u01b0\u1edbi c\u00e1i b\u00f3ng c\u1ee7a m\u1ed9t nh\u00e2n v\u1eadt \u0111\u1ea7y th\u1ebf l\u1ef1c t\u1eebng l\u00e0m m\u01b0a l\u00e0m gi\u00f3 tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n H\u1ed3ng K\u00f4ng l\u00e0 \u00f4ng Tr\u1ecbnh Kh\u00e1nh H\u1ed3ng (Zheng Qinghong). B\u1ea3n th\u00e2n \u00f4ng Tr\u1ecbnh l\u00e0 m\u1ed9t ng\u01b0\u1eddi th\u00e2n c\u1eadn v\u1edbi c\u1ef1u l\u00e3nh \u0111\u1ea1o Trung C\u1ed9ng Giang Tr\u1ea1ch D\u00e2n. Phe nh\u00f3m c\u1ee7a \u00f4ng T\u1eadp C\u1eadn B\u00ecnh \u0111ang t\u00ecm m\u1ecdi c\u00e1ch \u00ab nh\u1ed5 c\u1ecf t\u1eadn g\u1ed1c \u00bb \u1ea3nh h\u01b0\u1edfng c\u1ee7a h\u1ecd Giang.<\/p>\n\n\n\n

C\u00f3 \u0111i\u1ec1u, m\u1ed9t n\u0103m tr\u01b0\u1edbc \u0111\u1ea1i h\u1ed9i \u0110\u1ea3ng, ch\u00ednh quy\u1ec1n B\u1eafc Kinh kh\u00f4ng cho ph\u00e9p b\u1ea5t k\u1ef3 m\u1ed9t \u00ab y\u1ebfu t\u1ed1 \u00bb n\u00e0o l\u00e0m \u00ab nhi\u1ec5u \u00bb s\u1ef1 ki\u1ec7n \u00f4ng T\u1eadp C\u1eadn B\u00ecnh l\u1ea1i \u0111\u01b0\u1ee3c \u0110\u1ea3ng ch\u1ecb \u0111\u1ecbnh \u0111\u1ec3 ti\u1ebfp t\u1ee5c m\u1ed9t nhi\u1ec7m k\u1ef3 th\u1ee9 ba \u2013 v\u00e0 c\u00f3 th\u1ec3 l\u00e0m su\u1ed1t \u0111\u1eddi, l\u00e3nh \u0111\u1ea1o \u0111\u1ea5t n\u01b0\u1edbc. Trong ho\u00e0n c\u1ea3nh \u0111\u00f3, theo Alex Payette, r\u00f5 r\u00e0ng, huy \u0111\u1ed9ng v\u00e0i tr\u0103m t\u1ef7 \u0111\u00f4 la M\u1ef9 \u0111\u1ec3 c\u1ee9u Evergrande kh\u00f4ng ph\u1ea3i l\u00e0m \u0111i\u1ec1u b\u1ea5t kh\u1ea3 thi v\u00e0 B\u1eafc Kinh th\u1eeba s\u1ee9c \u0111\u1ec3 c\u1ee9u \u00f4ng kh\u1ed5ng l\u1ed3 trong ng\u00e0nh \u0111\u1ecba \u1ed1c n\u00e0y. T\u1ea5t c\u1ea3 m\u1ea5u ch\u1ed1t c\u1ee7a v\u1ea5n \u0111\u1ec1 n\u1eb1m \u1edf v\u1ebf ch\u00ednh tr\u1ecb m\u00e0 t\u1edbi nay gi\u1edbi quan s\u00e1t qu\u1ed1c t\u1ebf ch\u01b0a bi\u1ebft \u0111\u01b0\u1ee3c l\u00e0 \u00f4ng T\u1eadp \u0111ang t\u00ednh to\u00e1n nh\u1eefng g\u00ec.\u00a0<\/p>\n\n\n\n

Ngu\u1ed3n: RFI Ti\u1ebfng Vi\u1ec7t<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

L\u00e0 bi\u1ec3u t\u01b0\u1ee3ng c\u1ee7a ph\u00e9p l\u1ea1 kinh t\u1ebf Trung C\u1ed9ng, c\u1ee7a c\u01a1n s\u1ed1t \u0111\u1ecba \u1ed1c t\u1ea1i qu\u1ed1c gia \u0111\u00f4ng d\u00e2n nh\u1ea5t \u0111\u1ecba c\u1ea7u, t\u1eadp \u0111o\u00e0n b\u1ea5t \u0111\u1ed9ng s\u1ea3n Evergrande nay \u0111ang b\u00ean b\u1edd v\u1ef1c th\u1eb3m tr\u01b0\u1edbc n\u00fai n\u1ee3 t\u01b0\u01a1ng \u0111\u01b0\u01a1ng v\u1edbi 3 % GDP. V\u1edbi B\u1eafc Kinh, Evergrande l\u00e0 m\u1ed9t\u0111\u1ecdc ti\u1ebfp…<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":12130,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[7,9],"tags":[165,212,82,98],"class_list":["entry","author-ntviet","post-12129","post","type-post","status-publish","format-standard","has-post-thumbnail","category-binhluan","category-kinhte","tag-binh-luan","tag-chuyen-de","tag-kinh-te","tag-trung-cong"],"_links":{"self":[{"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=\/wp\/v2\/posts\/12129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12129"}],"version-history":[{"count":0,"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=\/wp\/v2\/posts\/12129\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=\/wp\/v2\/media\/12130"}],"wp:attachment":[{"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}