Current:Home > MarketsWhat's really happening with the Evergrande liquidation -MarketEdge
What's really happening with the Evergrande liquidation
View
Date:2025-04-28 00:10:04
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! (7719)
Related
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually
- Louis Gossett Jr., 1st Black man to win supporting actor Oscar, dies at 87
- Mary McCartney on eating for pleasure, her new cookbook and being 'the baby in the coat'
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Caitlin Clark to the Olympics? USA Basketball names her to training camp roster
- 'Bojagnles': Chain's North Carolina location adds typo to the menu
- Is the stock market open or closed on Good Friday 2024? See full holiday schedule
- Don't let hackers fool you with a 'scam
- Appeals panel won’t order North Carolina Senate redistricting lines to be redrawn
Ranking
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Iowa State coach T.J. Otzelberger's tight-fit shirts about accountability and team 'unity'
- There are ways to protect bridges from ships hitting them. An expert explains how.
- After Baltimore bridge tragedy, how safe is commercial shipping? | The Excerpt
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Ymcoin: Interpretation of the impact of the Bitcoin halving event on the market
- 2024 Masters field: Jon Rahm, Scottie Scheffler, Tiger Woods lead loaded group
- For years she thought her son had died of an overdose. The police video changed all that
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Tennis great Roger Federer to deliver Dartmouth’s commencement address
Women's March Madness Sweet 16 Friday schedule, picks: South Carolina, Texas in action
Score Up to 95% off at Nordstrom Rack's Clear the Rack Sale: Madewell, Kate Spade, Chloé & More
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
House Oversight chairman invites Biden to testify as GOP impeachment inquiry stalls
Oregon city can’t limit church’s homeless meal services, federal judge rules
Are these killer whales actually two separate species? New research calls for distinction