Current:Home > ScamsWhat's really happening with the Evergrande liquidation-VaTradeCoin
What's really happening with the Evergrande liquidation
View Date:2025-01-07 13:23:01
China is in the economic doldrums in part due to its slumping real estate market. And one of the largest property developers in mainland China is a huge part of the story. Evergrande is drowning in about $300 billion of debt. And after months of attempting to restructure, one of its entities is now being forced to liquidate. We look at what that means and how the Chinese economy will be affected.
Related episodes:
China's weakening economy in two Indicators (Apple / Spotify)
Tumbling Chinese stocks and rapid Chipotle hiring (Apple / Spotify)
The mess at the heart of China's economy (Apple / Spotify)
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
veryGood! (66871)
Related
- Mike Tyson emerges as heavyweight champ among product pitchmen before Jake Paul fight
- NHRA legend John Force released from rehab center one month after fiery crash
- Schumer and Jeffries endorse Kamala Harris for president
- 'DEI candidate.' What's behind the GOP attacks on Kamala Harris.
- Richard Allen found guilty in the murders of two teens in Delphi, Indiana. What now?
- Fire Once Helped Sequoias Reproduce. Now, it’s Killing the Groves.
- 2024 Olympics and Paralympics: Meet Team USA Going for Gold in Paris
- Haason Reddick continues to no-show Jets with training camp holdout, per reports
- Is Kyle Richards Finally Ready to File for Divorce From Mauricio Umansky? She Says...
- Kamala Harris' economic policies may largely mirror Biden's, from taxes to immigration
Ranking
- Todd Golden to continue as Florida basketball coach despite sexual harassment probe
- New York’s Marshes Plagued by Sewage Runoff and Lack of Sediment
- Clashes arise over the economic effects of Louisiana’s $3 billion-dollar coastal restoration project
- Conan O'Brien Admits He Was Jealous Over Ex Lisa Kudrow Praising Costar Matthew Perry
- How Jersey Shore's Sammi Sweetheart Giancola's Fiancé Justin May Supports Her on IVF Journey
- Ethiopia mudslides death toll nears 230 as desperate search continues in southern Gofa region
- Mega Millions winning numbers for July 23 drawing: Jackpot climbs to $279 million
- Florida school board unlikely to fire mom whose transgender daughter played on girls volleyball team
Recommendation
-
Prosecutors say some erroneous evidence was given jurors at ex-Sen. Bob Menendez’s bribery trial
-
Georgia denies state funding to teach AP Black studies classes
-
Kamala Harris uses Beyoncé song as walk-up music at campaign HQ visit
-
Measure aimed at repealing Alaska’s ranked voting system still qualifies for ballot, officials say
-
Patrick Mahomes Breaks Silence on Frustrating Robbery Amid Ongoing Investigation
-
University system leader will be interim president at University of West Georgia
-
New credit-building products are gaming the system in a bad way, experts say
-
Salt Lake City celebrates expected announcement that it will host the 2034 Winter Olympics