China's housing crisis deepens as Evergrande shares slide - BBC News
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YouTubeBBC News
China's housing crisis deepens as Evergrande shares slide - BBC News
Shares in the Chinese property firm Evergrande have fallen as problems in the country’s struggling housing market deepen – affecting the wider economy. Its mainland unit Hengda Real Estate has defaulted on 4bn yuan (£449m; $547m) of debt, it revealed on Monday. The BBC’s Analysis Editor Ros Atkins examines the background to the current ...
697.4K viewsSep 26, 2023
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