Home > China's real estate crisis: Indebted property giant Evergrande on brink of collapse

China's real estate crisis: Indebted property giant Evergrande on brink of collapse


Since September, the name Evergrande has caused panic on stock exchanges around the world. Paralysed by $300 billion in debt (€260 billion), or the equivalent of 2 percent of Chinese GDP, the country's second-largest real estate developer is now threatening Chinese growth. Evergrande has more than 1,300 construction projects across China, as well as financial products, electric cars, livestock, bottled water and even a football club.

Added on the 23/11/2021 15:00:00 - Copyright : France 24 EN

To customise your video :

Or Create an account

More videos on the subject

  • China's indebted real estate giant Evergrande suspends shares in Hong Kong

    Baocheng Liu, director of the Centre for International Business Ethics at the University of International Business and Economics in Beijing, told Euronews that if Evergrande were to collapse, the "ripple effects are going to be huge".

    03/01/2022 - Euronews EN
  • Collapse of Chinese real estate giant Evergrande drags international markets

    Shanghai (China), Sep 21 (EFE / EPA) .- (Camera: Alex Plavevski). The Chinese real estate giant Evergrande, whose stock market crash in recent days has dragged stock markets around the planet, faces with uncertainty the interest payment of 84 million dollars (about 71.6 million euros) whose maturity is next Thursday.FOOTAGE FROM THE OFFICES OF CHINESE REAL ESTATE GIANT EVERGRANDE IN SHANGHAI, CHINA.

    21/09/2021 - EFE Inglés
  • Chinese property developer Evergrande in major financial crisis

    Beijing, Sep 16 (EFE/EPA).- Chinese property developer Evergrande continued in major financial crisis Thursday after the company said Tuesday that its property sales would likely continue to drop significantly in September, resulting in a further deterioration of its cash situation, according to media reports. (Camera: WU HONG).B-ROLL OF THE EVERGRANDE NEW HOUSING DEVELOPMENT PROJECT IN BEIJING, CHINA.

    16/09/2021 - EFE Inglés
  • Evergrande stocks fall 11.6% as offshore bonds expire

    Beijing, Sep 24 (EFE/EPA).- The shares of Chinese real estate giant Evergrande plummeted Friday by 11.6 percent in the stock market after the expiration a day earlier of the term to pay the interests of a group of “offshore” bonds.Although at the opening of the session the fall was much more moderate, of little more than 2 percent, the uncertainty prevailed on the mentioned payments, which would suppose a disbursement of about $ 84 million.The company has now entered a 30-day period before it is officially deemed to have defaulted. (Camera: ARCHIVE).B-ROLL OF EVERGRANDE ROYAL SCENERY HOUSING COMPLEX IN BEIJING; EVERGRANDE CITY PLAZA IN BEIJING AND EVERGRANDE CENTER IN SHANGHAI, CHINA.

    24/09/2021 - EFE Inglés
  • One of Evergrande's main investors plans to divest stake

    Beijing, Sep 23 (EFE/EPA).-Property investment company Chinese Estates, one of the main shareholders of the Chinese developer Evergrande Group, announced on Thursday its plans to divest its stake in the company due to its serious financial situation.In a statement sent to the Hong Kong Stock Exchange, where it is listed, Chinese Estates said that its directors are "concerned" about the recent developments of the Evergrande Group and the "possible consequences" in the event that the remedial measures it has announced "could not be effectively implemented." (Camera: WU HONG).B-ROLL OF EVERGRANDE ROYAL SCENERY HOUSING COMPLEX IN BEIJING, CHINA,

    23/09/2021 - EFE Inglés

More videosNews

Watch video of  - DemainEntreprendre - épisode 12 - Label : Economie wallonne -

DemainEntreprendre - épisode 12

29/04/2021 12:55:32