China Debt Fears
Could the threatened bankruptcy of a major Chinese firm be a sign of worse to come? How vulnerable is the Chinese economy to what some say is a frightening level of debt?
Could the threatened bankruptcy of a major Chinese firm be a sign of worse to come? The 大象传媒's chief business correspondent, Linda Yeuh, describes the threat to Xingrun Properties, which, with more than $500 million dollar debts, is poised to be the biggest property company ever to default in China. How vulnerable is the Chinese economy as a whole to a potential property bubble. and what some say is a frightening level of debt? We also hear from our regular commentator, Steve Fritzinger, about the art of finding silver linings when things turn nasty. And speaking of art - nearly a year on from major street protests in Istanbul, one Turkish installation artist, Burak Delier, shows me an exhibition of the work it inspired at London's Institute of International Visual Arts, and he describes how he wants to use it to challenge the foundations of capitalism itself.
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- Wed 26 Mar 2014 08:32GMT大象传媒 World Service Online
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