Business

What Is China Evergrande and Why Is It In Trouble?

With $300 billion in liabilities and links to myriad banks, Evergrande would send shock waves through the financial system and the broader economy should calamity strike.
Source: https://www.washingtonpost.com/business/what-is-china-evergrande-and-why-is-it-in-trouble/2021/09/14/f66ff79c-1525-11ec-a019-cb193b28aa73_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business

Its stock price has cratered and its bonds point toward potential default, yet Hui Ka Yan, the billionaire owner, has sought to reassure bankers that the property company will pull through. China Evergrande Group is quickly becoming the biggest financial worry in a country with no shortage of them.
Source: https://www.washingtonpost.com/business/what-is-china-evergrande-and-why-is-it-in-trouble/2021/09/13/0afb0eea-14a4-11ec-a019-cb193b28aa73_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business

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