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Title: Evergrande China on brink of collapse
Source: [None]
URL Source: https://www.youtube.com/watch?v=Ze6prk9UNy8
Published: Sep 26, 2021
Author: Sky News Australia
Post Date: 2021-09-29 06:34:51 by BTP Holdings
Keywords: None
Views: 44

Financial markets this week wobbled, as Chinese developing giant Evergrande teetered on the brink of collapse, with the firm’s woes compared by some to that of US investment bank Lehman Brothers.

China’s second largest property developer has about 1,300 developments across 280 Chinese cities, and has built millions of apartments across the country.

It also happens to owe its creditors $US300 billion.

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