Why investors are worried about China’s Evergrande failing
China’s second-largest property developer, Evergrande, owes about US$300-billion in liabilities, sparking fears that the property developer could default. But would Beijing allow such a huge company to fail? The Globe’s Asia correspondent James Griffiths explains how Evergrande became a behemoth in a real estate market overrun with speculation, and why its current trouble started partly because of new government crackdowns on inequality in China.
Audio is streamed directly from the publisher (afp-119681-injected.calisto.simplecastaudio.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
China’s second-largest property developer, Evergrande, owes about US$300-billion in liabilities, sparking fears that the property developer could default. But would Beijing allow such a huge company to fail?
The Globe’s Asia correspondent James Griffiths explains how Evergrande became a behemoth in a real estate market overrun with speculation, and why its current trouble started partly because of new government crackdowns on inequality in China.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.