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Explain HONG KONG (Reuters) -The editor-in-chief of state- backed Chinese newspaper Global Times warned debt-ridden property giant Evergrande Group that it should not bet on a government bailout on the assumption that it is “too big to fail”. It was the first commentary to appear in state- backed media casting doubt on a government bailout for the country’s No.2 property developer, whose shares fell on Friday for the fifth consecutive day amid concerns it is heading for default. Evergrande is scrambling to raise funds to pay its many lenders and suppliers and investors, with regulators warning its $305 billion of liabilities could spark broader risks to the country’s financial system if not stabilised. Global Times’ editor-in-chief Hu Xijin said on his WeChat social media account on Thursday that Evergrande should turn to the market for salvation, not the government. He said Evergrande’s potential bankruptcy was unlikely to trigger a systemic financial storm like the collapse of Lehman Brothers, because it was a real estate business not a bank and downpayment ratios on property in China were very high. Global Times is a nationalistic tabloid published by the Communist Party’s People’s Daily. Its views do not necessarily reflect the official thinking of policymakers. Policymakers are telling Evergrande’s major lenders to extend interest payments or rollover loans, and market watchers increasingly think a direct bailout from the government is unlikely. A group of Evergrande’s offshore bondholders has selected investment bank Moelis & Co and law firm Kirkland & Ellis as advisers on a potential restructuring of a tranche of bonds, focusing on around $20 billion in outstanding dollar bonds in the event of non-payment, sources told Reuters. Evergrande is due to pay $83.5 million interest on Sept. 23 for its March 2022 bond. It has another $47.5 million interest payment due on Sept. 29 for the March 2024 notes. The bonds would default if Evergrande fails to pay the interest within 30 days. The debacle of Evergrande – which has more than 1,300 real estate projects in over 280 cities – is dampening the yuan and confidence in Chinese assets more broadly. Evergrande shares fell another 13% to HK$2.28 on Friday, the lowest level since Oct 2011. Its offshore Oct 2023 bond fell 10% to 16.125 cents China Minsheng Banking Corp, one of Evergrande’s major lenders, dropped 4.6% to a record low of HK$2.80.
 
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HONG KONG (Reuters) -The editor-in-chief of state- backed Chinese newspaper Global Times warned debt-ridden property giant Evergrande Group that it should not bet on a government bailout on the assumption that it is “too big to fail”. It was the first commentary to appear in state- backed media casting doubt on a government bailout for the country’s No.2 property developer, whose shares fell on Friday for the fifth consecutive day amid concerns it is heading for default. Evergrande is scrambling to raise funds to pay its many lenders and suppliers and investors, with regulators warning its $305 billion of liabilities could spark broader risks to the country’s financial system if not stabilised. Global Times’ editor-in-chief Hu Xijin said on his WeChat social media account on Thursday that Evergrande should turn to the market for salvation, not the government. He said Evergrande’s potential bankruptcy was unlikely to trigger a systemic financial storm like the collapse of Lehman Brothers, because it was a real estate business not a bank and downpayment ratios on property in China were very high. Global Times is a nationalistic tabloid published by the Communist Party’s People’s Daily. Its views do not necessarily reflect the official thinking of policymakers. Policymakers are telling Evergrande’s major lenders to extend interest payments or rollover loans, and market watchers increasingly think a direct bailout from the government is unlikely. A group of Evergrande’s offshore bondholders has selected investment bank Moelis & Co and law firm Kirkland & Ellis as advisers on a potential restructuring of a tranche of bonds, focusing on around $20 billion in outstanding dollar bonds in the event of non-payment, sources told Reuters. Evergrande is due to pay $83.5 million interest on Sept. 23 for its March 2022 bond. It has another $47.5 million interest payment due on Sept. 29 for the March 2024 notes. The bonds would default if Evergrande fails to pay the interest within 30 days. The debacle of Evergrande – which has more than 1,300 real estate projects in over 280 cities – is dampening the yuan and confidence in Chinese assets more broadly. Evergrande shares fell another 13% to HK$2.28 on Friday, the lowest level since Oct 2011. Its offshore Oct 2023 bond fell 10% to 16.125 cents China Minsheng Banking Corp, one of Evergrande’s major lenders, dropped 4.6% to a record low of HK$2.80.
 
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OrderDate Region Rep Item 1/6/18 East Jones Pencil 1/23/18 Central Kivell Binder 2/9/18 Central Jardine Pencil 2/26/18 Central Gill Pen 3/15/18 West Sorvino Pencil 4/1/18 East Jones Binder 4/18/18 Central Andrews Pencil 5/5/18 Central Jardine Pencil 5/22/18 West Thompson Pencil 6/8/18 East Jones Binder 6/25/18 Central Morgan Pencil 7/12/18 East Howard Binder 7/29/18 East Parent Binder 8/15/18 East Jones Pencil 9/1/18 Central Smith Desk 9/18/18 East Jones Pen Set 10/5/18 Central Morgan Binder 10/22/18 East Jones Pen 11/8/18 East Parent Pen 11/25/18 Central Kivell Pen Set 12/12/18 Central Smith Pencil 12/29/18 East Parent Pen Set 1/15/19 Central Gill Binder 2/1/19 Central Smith Binder 2/18/19 East Jones Binder 2/21/19 Central Andrews Binder 3/4/19 Central Jardine Binder 3/7/19 West Sorvino Binder 3/24/19 Central Jardine Pen Set 4/10/19 Central Andrews Pencil 4/17/19 Central Jardine Binder 4/27/19 East Howard Pen 5/14/19 Central Gill Pencil 5/31/19 Central Gill Binder 6/4/19 East Jones Pen Set 6/17/19 Central Kivell Desk 6/21/19 Central Morgan Pen Set 8/7/19 Central Kivell Pen Set 8/10/19 Central Gill Pencil 8/24/19 West Sorvino Desk 8/27/19 West Sorvino Pen 9/14/19 West Thompson Binder 9/16/19 Central Andrews Pencil Units Unit Cost 95 $1.99 50 $19.99 36 $4.99 27 $19.99 56 $2.99 60 $4.99 75 $1.99 90 $4.99 32 $1.99 60 $8.99 90 $4.99 29 $1.99 81 $19.99 35 $4.99 2 $125.00 16 $15.99 28 $8.99 64 $8.99 15 $19.99 96 $4.99 67 $1.29 74 $15.99 46 $8.99 87 $15.00 4 $4.99 28 $4.99 94 $19.99 7 $19.99 50 $4.99 66 $1.99 11 $4.99 96 $4.99 53 $1.29 80 $8.99 62 $4.99 5 $125.00 55 $12.49 42 $23.95 7 $1.29 3 $275.00 76 $1.99 57 $19.99 14 $1.29 Total $189.05 $999.50 $179.64 $539.73 $167.44 $299.40 $149.25 $449.10 $63.68 $539.40 $449.10 $57.71 $1,619.19 $174.65 $250.00 $255.84 $251.72 $575.36 $299.85 $479.04 $86.43 $1,183.26 $413.54 $1,305.00 $19.96 $139.72 $1,879.06 $139.93 $249.50 $131.34 $54.89 $479,04 $68.37 $719.20 $309.38 $625.00 $686.95 $1,005.90 $9.03 $825.00 $151.24 $1,139.43 $18.06 Gross Margin 2.50% 12% 2.50% 5% 2.50% 12% 2.50% 2.50% 2.50% 12% 2.50% 12% 12% 2.50% 23% 33% 12% 5% 5% 33% 2.50% 33% 12% 12% 12% 12% 12% 12% 33% 2.50% 12% 5% 2.50% 12% 33% 23% 33% 33% 2.50% 23% 5% 12% 2.50% East Order Date Region Rep Item 1/6/18 East Jones Pencil 1/23/18 Central Kivell Binder 2/9/18 Central Jardine Pencil 2/26/18 Central Gill Pen 3/15/18 West Sorvino Pencil 4/1/18 East Jones Binder 4/18/18 Central Andrews Pencil 5/5/18 Central Jardine Pencil 5/22/18 West Thompson Pencil 6/8/18 Jones Binder 6/25/18 Central Morgan Pencil 7/12/18 East Howard Binder 7/29/18 East Parent Binder 8/15/18 East Jones Pencil 9/1/18 Central Smith Desk 9/18/18 East Jones Pen Set 10/5/18 Central Morgan Binder 10/22/18 East Jones Pen 11/8/18 East Parent Pen 11/25/18 Central Kivell Pen Set 12/12/18 Central Smith Pencil 12/29/18 East Parent Pen Set 1/15/19 Central Gill Binder 2/1/19 Central Smith Binder 2/18/19 East Jones Binder 2/21/19 Central Andrews Binder 3/4/19 Central Jardine Binder 3/7/19 West Sorvino Binder 3/24/19 Central Jardine Pen Set 4/10/19 Central Andrews Pencil 4/17/19 Central Jardine Binder 4/27/19 East Howard Pen 5/14/19 Central Gill Pencil 5/31/19 Central Gill Binder 6/4/19 East Jones Pen Set 6/17/19 Central Kivell Desk 6/21/19 Central Morgan Pen Set 8/7/19 Central Kivell Pen Set 8/10/19 Central Gill Pencil 8/24/19 West Sorvino Desk 8/27/19 West Sorvino Pen 9/14/19 West Thompson Binder 9/16/19 Central Andrews Pencil Units Unit Cost Total 95 $1.99 $189.05 50 $19.99 $999.50 36 $4.99 $179.64 27 $19.99 $539.73 56 $2.99 $167.44 60 $4.99 $299.40 75 $1.99 $149.25 90 $4.99 $449.10 32 $1.99 $63.68 60 $8.99 $539.40 90 $4.99 $449.10 29 $1.99 $57.71 81 $19.99 $1,619.19 35 $4.99 $174.65 2 $125.00 $250.00 16 $15.99 $255.84 28 $8.99 $251.72 64 $8.99 $575.36 15 $19.99 $299.85 96 $4.99 $479.04 67 $1.29 $86.43 74 $15.99 $1,183.26 46 $8.99 $413.54 87 $15.00 $1,305.00 4 $4.99 $19.96 28 $4.99 $139.72 94 $19.99 $1,879.06 7 $19.99 $139.93 50 $4.99 $249.50 66 $1.99 $131.34 11 $4.99 $5489 96 $4.99 $479.04 53 $1.29 $68.37 80 $8.99 $719.20 62 $4.99 $309.38 5 $125.00 $625.00 55 $12.49 $686.95 42 $23.95 $1.005.90 7 $1.29 $9.03 3 $275.00 $825.00 76 $1.99 $151.24 57 $19.99 $1,139.43 14 $1.29 $18.06 Gross Margin 2.50% 12% 2.50% 5% 2.50% 12% 2.50% 2.50% 2.50% 12% 2.50% 12% 12% 2.50% 23% 33% 12% 5% 5% 33% 2.50% 33% 12% 12% 12% 12% 12% 12% 33% 2.50% 12% 5% 2.50% 12% 33% 23% 33% 33% 2.50% 23% 5% 12% 2.50%
 
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Explain OrderDate Region Rep Item 1/6/18 East Jones Pencil 1/23/18 Central Kivell Binder 2/9/18 Central Jardine Pencil 2/26/18 Central Gill Pen 3/15/18 West Sorvino Pencil 4/1/18 East Jones Binder 4/18/18 Central Andrews Pencil 5/5/18 Central Jardine Pencil 5/22/18 West Thompson Pencil 6/8/18 East Jones Binder 6/25/18 Central Morgan Pencil 7/12/18 East Howard Binder 7/29/18 East Parent Binder 8/15/18 East Jones Pencil 9/1/18 Central Smith Desk 9/18/18 East Jones Pen Set 10/5/18 Central Morgan Binder 10/22/18 East Jones Pen 11/8/18 East Parent Pen 11/25/18 Central Kivell Pen Set 12/12/18 Central Smith Pencil 12/29/18 East Parent Pen Set 1/15/19 Central Gill Binder 2/1/19 Central Smith Binder 2/18/19 East Jones Binder 2/21/19 Central Andrews Binder 3/4/19 Central Jardine Binder 3/7/19 West Sorvino Binder 3/24/19 Central Jardine Pen Set 4/10/19 Central Andrews Pencil 4/17/19 Central Jardine Binder 4/27/19 East Howard Pen 5/14/19 Central Gill Pencil 5/31/19 Central Gill Binder 6/4/19 East Jones Pen Set 6/17/19 Central Kivell Desk 6/21/19 Central Morgan Pen Set 8/7/19 Central Kivell Pen Set 8/10/19 Central Gill Pencil 8/24/19 West Sorvino Desk 8/27/19 West Sorvino Pen 9/14/19 West Thompson Binder 9/16/19 Central Andrews Pencil Units Unit Cost 95 $1.99 50 $19.99 36 $4.99 27 $19.99 56 $2.99 60 $4.99 75 $1.99 90 $4.99 32 $1.99 60 $8.99 90 $4.99 29 $1.99 81 $19.99 35 $4.99 2 $125.00 16 $15.99 28 $8.99 64 $8.99 15 $19.99 96 $4.99 67 $1.29 74 $15.99 46 $8.99 87 $15.00 4 $4.99 28 $4.99 94 $19.99 7 $19.99 50 $4.99 66 $1.99 11 $4.99 96 $4.99 53 $1.29 80 $8.99 62 $4.99 5 $125.00 55 $12.49 42 $23.95 7 $1.29 3 $275.00 76 $1.99 57 $19.99 14 $1.29 Total $189.05 $999.50 $179.64 $539.73 $167.44 $299.40 $149.25 $449.10 $63.68 $539.40 $449.10 $57.71 $1,619.19 $174.65 $250.00 $255.84 $251.72 $575.36 $299.85 $479.04 $86.43 $1,183.26 $413.54 $1,305.00 $19.96 $139.72 $1,879.06 $139.93 $249.50 $131.34 $54.89 $479,04 $68.37 $719.20 $309.38 $625.00 $686.95 $1,005.90 $9.03 $825.00 $151.24 $1,139.43 $18.06 Gross Margin 2.50% 12% 2.50% 5% 2.50% 12% 2.50% 2.50% 2.50% 12% 2.50% 12% 12% 2.50% 23% 33% 12% 5% 5% 33% 2.50% 33% 12% 12% 12% 12% 12% 12% 33% 2.50% 12% 5% 2.50% 12% 33% 23% 33% 33% 2.50% 23% 5% 12% 2.50% East Order Date Region Rep Item 1/6/18 East Jones Pencil 1/23/18 Central Kivell Binder 2/9/18 Central Jardine Pencil 2/26/18 Central Gill Pen 3/15/18 West Sorvino Pencil 4/1/18 East Jones Binder 4/18/18 Central Andrews Pencil 5/5/18 Central Jardine Pencil 5/22/18 West Thompson Pencil 6/8/18 Jones Binder 6/25/18 Central Morgan Pencil 7/12/18 East Howard Binder 7/29/18 East Parent Binder 8/15/18 East Jones Pencil 9/1/18 Central Smith Desk 9/18/18 East Jones Pen Set 10/5/18 Central Morgan Binder 10/22/18 East Jones Pen 11/8/18 East Parent Pen 11/25/18 Central Kivell Pen Set 12/12/18 Central Smith Pencil 12/29/18 East Parent Pen Set 1/15/19 Central Gill Binder 2/1/19 Central Smith Binder 2/18/19 East Jones Binder 2/21/19 Central Andrews Binder 3/4/19 Central Jardine Binder 3/7/19 West Sorvino Binder 3/24/19 Central Jardine Pen Set 4/10/19 Central Andrews Pencil 4/17/19 Central Jardine Binder 4/27/19 East Howard Pen 5/14/19 Central Gill Pencil 5/31/19 Central Gill Binder 6/4/19 East Jones Pen Set 6/17/19 Central Kivell Desk 6/21/19 Central Morgan Pen Set 8/7/19 Central Kivell Pen Set 8/10/19 Central Gill Pencil 8/24/19 West Sorvino Desk 8/27/19 West Sorvino Pen 9/14/19 West Thompson Binder 9/16/19 Central Andrews Pencil Units Unit Cost Total 95 $1.99 $189.05 50 $19.99 $999.50 36 $4.99 $179.64 27 $19.99 $539.73 56 $2.99 $167.44 60 $4.99 $299.40 75 $1.99 $149.25 90 $4.99 $449.10 32 $1.99 $63.68 60 $8.99 $539.40 90 $4.99 $449.10 29 $1.99 $57.71 81 $19.99 $1,619.19 35 $4.99 $174.65 2 $125.00 $250.00 16 $15.99 $255.84 28 $8.99 $251.72 64 $8.99 $575.36 15 $19.99 $299.85 96 $4.99 $479.04 67 $1.29 $86.43 74 $15.99 $1,183.26 46 $8.99 $413.54 87 $15.00 $1,305.00 4 $4.99 $19.96 28 $4.99 $139.72 94 $19.99 $1,879.06 7 $19.99 $139.93 50 $4.99 $249.50 66 $1.99 $131.34 11 $4.99 $5489 96 $4.99 $479.04 53 $1.29 $68.37 80 $8.99 $719.20 62 $4.99 $309.38 5 $125.00 $625.00 55 $12.49 $686.95 42 $23.95 $1.005.90 7 $1.29 $9.03 3 $275.00 $825.00 76 $1.99 $151.24 57 $19.99 $1,139.43 14 $1.29 $18.06 Gross Margin 2.50% 12% 2.50% 5% 2.50% 12% 2.50% 2.50% 2.50% 12% 2.50% 12% 12% 2.50% 23% 33% 12% 5% 5% 33% 2.50% 33% 12% 12% 12% 12% 12% 12% 33% 2.50% 12% 5% 2.50% 12% 33% 23% 33% 33% 2.50% 23% 5% 12% 2.50%
 
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