logo
episode-header-image
Sep 2021
17m 28s

Evergrande and China's property woes

Bbc World Service
About this episode
<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
Up next
Today
The cocoa conundrum
<p>Can Europe be weaned off cheap chocolate? EU efforts to block cocoa linked to deforestation were due to come into force at the end of this year – but have faced multiple delays. Another vote is due to take place soon. Some parties are pushing for further delay and modification ... Show More
20m 42s
Yesterday
Is this the end for South East Asia's scam centres?
<p>It’s one of the biggest human trafficking operations of modern times. Scam centres across South East Asia have been making hundreds of billions of dollars annually, it’s estimated, conning people into fake crypto-currency investment schemes. </p><p>But now these centres could ... Show More
18m 29s
Nov 24
Monetising Machu Picchu
<p>Peru is home to Machu Picchu - the ancient Inca city in the Andes mountains. </p><p>It's one of the seven wonders of the world, and a UNESCO World Heritage Site. The popular tourist destination attracts millions of visitors, making it very lucrative for the government, local a ... Show More
17m 38s
Recommended Episodes
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
Sep 2023
China's property crisis: how will it impact the economy?
Property giant Evergrande's financial problems have rippled through China's vast property industry, with several other developers defaulting on their debts. We look at this in more detail and and what’s likely to happen next for the sector – and the wider Chinese economy. 
27m 15s
Aug 2023
Evergrande: Shares in the crisis-hit Chinese developer plunge by 80%
Shares in embattled Chinese property developer Evergrande have fallen almost 80% in their first day of trading in Hong Kong for a year and a half. The shares have lost more than 99% of their value in the past three years as Beijing cracked down on property firms. A technical issu ... Show More
50m 6s
Sep 2021
Evergrande debt crisis: China’s ‘Lehman moment’ vs Xi’s ‘Common Prosperity’
Mimi Lau speaks with SCMP reporter Pearl Liu about the background to the US$300 billion debt crisis for China's property giant Evergrande, the warning signs from 2019 and escalating events this year that lead to protests across China. Desk editor Zhou Xin explores how Evergrande ... Show More
38m 54s
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