Current:Home > InvestWhat's really happening with the Evergrande liquidation -Global Capital Summit
What's really happening with the Evergrande liquidation
View
Date:2025-04-12 20:38:34
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! (38831)
Related
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Twitter reacts to Jim Harbaugh becoming the next head coach of the LA Chargers
- YouTuber accused topping 150 mph on his motorcycle on Colorado intestate wanted on multiple charges
- Tesla stock price falls after quarterly earnings call reveals 15% profit decline
- This was the average Social Security benefit in 2004, and here's what it is now
- Zimbabwe’s main opposition leader quits, claiming his party was hijacked by president’s ruling party
- He paid Virgin Galactic $200,000 for a few minutes in space. The trip left him speechless.
- More EV problems: This time Chrysler Pacifica under recall investigation after fires
- In ‘Nickel Boys,’ striving for a new way to see
- Nicole Kidman leads an ensemble of privileged, disconnected American 'Expats'
Ranking
- Intellectuals vs. The Internet
- The Mexican National Team's all-time leading goal scorer, Chicharito, returns to Chivas
- Defending champion Sabalenka beats US Open winner Gauff to reach Australian Open final
- Freed Israeli hostage says she met a Hamas leader in a tunnel, where she was kept in dire conditions
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- North Korea says it tested a new cruise missile in the latest example of its expanding capabilities
- YouTuber accused topping 150 mph on his motorcycle on Colorado intestate wanted on multiple charges
- When are the Grammy Awards? What to know about the host, 2024 nominees and more.
Recommendation
Woman dies after Singapore family of 3 gets into accident in Taiwan
French farmers edge closer to Paris as protests ratchet up pressure on President Macron
Robitussin cough syrup sold nationwide recalled due to contamination
Russia fires genetics institute head who claimed humans once lived for 900 years
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
US applications for jobless benefits rise, but layoffs remain at historically low levels
Philadelphia prisoner being held on murder charge escapes, police warn public
eBay layoffs 2024: E-commerce giant eliminating around 1,000 jobs, 9% of workforce