What's Evergrande? Should I Care?

Fears are mounting the collapse of one of China's real estate juggernauts could infect global markets.

Lewis Jackson 21 September, 2021 | 8:40AM
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Evergrande

One of China’s biggest property developers is in trouble. Once the great hope of a booming property market, Evergrande is saddled with over US$300 billion in debt, and is struggling to make payments. Creditors are circling.

Like Lehman Brothers, which filed for bankruptcy with US$619 billion in debt and whose collapse was the tipping point of the 2008 global financial crisis, markets are worried that Evergrande’s demise could send shockwaves through the Chinese economy and global markets.

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About Author

Lewis Jackson  Lewis Jackson is a data journalist at Morningstar Australia

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