<p>China's second largest property developer, Evergrande, is at risk of financial collapse, saddled with billions of dollars of debt. It's already defaulted on some bond repayments and has been forced to sell off assets; both Chinese and international investors are worried and Beijing is weighing the risk of spreading contagion. The BBC's Stephen McDonnell t ... Show More
Oct 9
Business Daily meets: Fani Titi, Investec CEO
The South African grew up under the racist apartheid system as one of 14 children. He looked set for a life in farming, until a chance event took him down a different path – ultimately becoming CEO of the multinational banking group, Investec. Presenter: Leanna Byrne Producer: El ... Show More
17m 27s
Oct 2021
Is Evergrande Really China’s Lehman Moment?
In September China's second largest real-estate developer, Evergrande, missed an $83.5 million debt payment. Skeptics and bears on China have long said that its property market, which makes up some 30 percent of GDP, is over-leveraged and overheated. The recent news has people as ... Show More
56m 54s
May 2024
The Big Short: China Edition
For years, China’s real estate market was booming. Developers, home buyers and Western banks rushed to invest. But the boom turned into a bubble, which eventually burst. WSJ’s Rebecca Feng reports on the warning signs that were ignored and we speak to two people who saw the colla ... Show More
24 m
Oct 2023
How did 6 million people in China buy homes that don’t exist?
China is in the middle of a housing market crisis. Two of its top property developers, Evergrande and Country Garden, are struggling to pay back debt or fulfil their promises to build properties they have already sold to millions of people.Fan Wang, a BBC reporter in Singapore, t ... Show More
13m 43s