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
The Implosion of Graham Platner
The campaign for Graham Platner, the Democratic nominee for Senate from Maine, imploded this week after he was accused of rape. Lisa Lerer and Shane Goldmacher, national political correspondents for The New York Times, discuss the battle over who should replace him on the ballot ... Show More
35m 28s
Jul 7
The Onion’s Latest Joke: Taking Over Infowars
Last Thursday, the satirical newspaper The Onion started its own version of Infowars, the infamous online hub of misinformation created by Alex Jones. The takeover has been years in the making. After Mr. Jones lost two defamation cases, his assets were put up for auction. The Oni ... Show More
22m 26s
Sep 2021
Evergrande and China's property woes
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 Beiji ... Show More
17m 28s
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
Jan 2024
The Intelligence: China’s ever grander property crisis
One of the country’s biggest property companies, Evergrande, has been crippled by its debt. What does a new court order mean for prospective homebuyers, and the firm’s creditors? Is there a way for Joe Biden to be replaced by the Democrats’ presidential candidate (09:45)? And the ... Show More
22m 55s