Every once in a while a company grows so big and messy that governments fear what would happen to the broader economy if it were to fail. In China, Evergrande, a sprawling real estate developer, is that company.
Evergrande has the distinction of being the world’s most debt-saddled property developer and has been on life support for months. A steady drumbeat ... Show More
Yesterday
For Mother’s Day, Classic Mom-isms
For Mother’s Day, we asked you about your “Mom mantras”: the oft-repeated mottos or go-to expressions that your moms have said over the years. In partnership with the Well desk, we received thousands of submissions, full of sayings that ranged from wise to funny to profound. In t ... Show More
29m 59s
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
Oct 2023
Is China a bargain right now?
<p>The CSI 300, which tracks the largest publicly traded companies in China, just fell to pre-pandemic lows, despite aggressive attempts by President Xi Jinping to prop up the market. The drags on equities include slowing growth, a crisis in the property market and notable geopol ... Show More
18 m