The tremor following Chinese developer Evergrande’s downfall
Two years after Chinese developer Evergrande’s debt crisis became headline news, its founder, Xu Jia Yin or Hui Ka Yan, is detained to be investigated for criminal conduct. Evergrande is notorious for its massive debt, almost the size of Vietnam’s annual GDP. Its downfall will send tremors to China’s already fragile economy. How much debt does China’s real estate industry have in total?
3:11 Latest development regarding Evergrande and its founder, Hui Ka Yan
11:43 Evergrande’s debt structure and impact of its downfall
23:11 How much total debt does China’s real estate industry have?
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