Current:Home > MyWhat's really happening with the Evergrande liquidation -FinTechWorld
What's really happening with the Evergrande liquidation
View
Date:2025-04-15 03:30:05
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! (497)
Related
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- 'Society of the Snow': How to watch Netflix's survival film about doomed Flight 571
- Oklahoma inmate back in custody after escaping from prison, officials say
- California law banning guns in most public places again halted by appeals court
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Lily Gladstone is the Golden Globes’ first Indigenous best actress winner
- Why isn't Travis Kelce playing against Chargers? Chiefs TE inactive in regular season finale
- Zillow's hottest housing markets for 2024: See which cities made the top 10
- Former Syrian official arrested in California who oversaw prison charged with torture
- CFP national championship: Everything to know for Michigan-Washington title showdown
Ranking
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- China intelligence agency says it has detained individual accused of collecting secrets for Britain
- LensCrafters class action lawsuit over AcccuFit has $39 million payout: See if you qualify
- Rams vs. Lions playoff preview: Matthew Stafford, Jared Goff face former teams in wild-card round
- What do we know about the mysterious drones reported flying over New Jersey?
- Margot Robbie Is Literally Barbie With Hot Pink Look at the 2024 Golden Globes
- Judge denies Cher's conservatorship request over son Elijah Blue Allman. For now.
- Colman Domingo Reacts to Rumor He's Replacing Jonathan Majors as Kang in the Marvel Cinematic Universe
Recommendation
$73.5M beach replenishment project starts in January at Jersey Shore
Biggest moments you missed at the Golden Globes, from Jennifer Lawrence to Cillian Murphy
Jennifer Lawrence and Lenny Kravitz’s Hunger Games Reunion Proves the Odds Are in Our Favor
A chaotic Golden Globes night had a bit of everything: The silly, the serious, and Taylor Swift, too
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
Kelsea Ballerini and Chase Stokes Share Sweet Tributes on Their First Dating Anniversary
Cyprus president shakes up cabinet, replacing ministers of defense, health, justice and environment
Cyprus president shakes up cabinet, replacing ministers of defense, health, justice and environment