BBCNEWS World Business Report September 17, 2021 04:42:00
Looking at the seeds of a new financial crisis? chinese real estate giant evergrande is sinking under $300 billion of debt. if it's allowed to collapse, it could trigger a crash in china's property market that accounts for over a quarter of its gdp. for the past three days, angry investors have been protesting outside evergrande's headquarters in shenzhen, demanding to meet with company officials. its next debt payment, $81; billion, is due next thursday. the question is, will the chinese communist party step in to help? katie silver is following this for us in singapore. that question to you,...
Source: archive.org