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China's property crisis: how will it impact the economy?
Evergrande's shares dropped by more than a fifth just two days after it warned that it was cancelling some creditor meetings designed to reassess terms for its restructuring.
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鈥檚 likely to happen next for the sector 鈥� and the wider Chinese economy.
(Picture: Daily Life In China's Evergrande Community. Picture credit: Getty Images)
Last on
Mon 25 Sep 2023
14:32GMT
大象传媒 World Service
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- Mon 25 Sep 2023 14:32GMT大象传媒 World Service