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Evergrande and China's property woes

Property giant Evergrande's debt distress and what it tells us about China's economic model

China's second largest property developer, Evergrande, is at risk of financial collapse, saddled with billions of dollars of debt. It's already defaulted on some bond repayments and has been forced to sell off assets; both Chinese and international investors are worried and Beijing is weighing the risk of spreading contagion. The 主播大秀's Stephen McDonnell tells us about the property boom in China while Sara Hsu, a Visiting Scholar at Fudan University, tells us that the sheer size of the company is a worry. China watcher George Magnus, Research associate at Oxford University's China Centre, and at SOAS appraises the wider ramifications of the Chinese property bubble being deflated for both China and the rest of the world.
(Image: Evergrande's HQ; Image credit: Reuters)

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18 minutes

Last on

Thu 30 Sep 2021 07:32GMT

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  • Thu 30 Sep 2021 07:32GMT

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