Evergrande Debt Crisis
First published on Mon 13 Sep 2021 2324 EDT. What is the Evergrande debt crisis and why does it matter for the global economy.
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Evergrande now the worlds most indebted real estate company is on the brink of collapse.
Evergrande debt crisis. Evergrandes debt crisis is continuing to unsettle investors in Asia and raising concerns about whether a potential default by the troubled. The troubles of Chinese conglomerate Evergrande have dominated headlines in recent days after it warned once again that it could default on its astronomical debt. Property giant China Evergrande Group has said that it cannot sell properties and other assets fast enough to service its massive 300bn debts.
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