Current:Home > ScamsWhat's really happening with the Evergrande liquidation -Core Financial Strategies
What's really happening with the Evergrande liquidation
View
Date:2025-04-17 21:49:02
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! (32)
Related
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Four men held in central Georgia jail escaped and a search is underway, sheriff says
- A 1981 DeLorean with only 977 miles on it was unearthed in a Wisconsin barn
- Waiting for news, families of Israeli hostages in Gaza tell stories of their loved ones
- Average rate on 30
- How Quran burnings in Sweden have increased threats from Islamic militants
- Dak Prescott, Cowboys rally in fourth quarter for a 20-17 victory over the Chargers
- How much is that remote job worth to you? Americans will part with pay to work from home
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Greta Thunberg joins activists to disrupt oil executives’ forum in London
Ranking
- Louvre will undergo expansion and restoration project, Macron says
- National Pasta Day 2023: The best deals at Olive Garden, Carrabba's, Fazoli's, more
- Wisconsin Assembly set to approve $545 million in public dollars for Brewers stadium repairs
- The Commerce Department updates its policies to stop China from getting advanced computer chips
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Retail sales rise solid 0.7% in September, reflecting US shoppers’ resilience despite higher prices
- Jim Jordan says he feels really good going into speaker's race
- Kelly Clarkson is ready to smile again with talk show's move to NYC: 'A weight has lifted'
Recommendation
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
The Indicator Quiz: Climate edition
Jada Pinkett Smith Reveals Why She and Will Smith Separated & More Bombshells From Her Book Worthy
Jim Jordan says he feels really good going into speaker's race
Global Warming Set the Stage for Los Angeles Fires
National Security Adviser Jake Sullivan says U.S. working on safe passage of Americans out of Gaza into Egypt
New Yorkers claimed $1 million prizes from past Powerball, Mega Millions drawings
Travis Kelce Has a Home Run Night Out With Brother Jason Kelce at Philadelphia Phillies Game