Current:Home > FinanceWhat's really happening with the Evergrande liquidation -Wealth Momentum Network
What's really happening with the Evergrande liquidation
View
Date:2025-04-14 20:22:54
China is in the economic doldrums in part due to its slumping real estate market. And one of the largest property developers in mainland China is a huge part of the story. Evergrande is drowning in about $300 billion of debt. And after months of attempting to restructure, one of its entities is now being forced to liquidate. We look at what that means and how the Chinese economy will be affected.
Related episodes:
China's weakening economy in two Indicators (Apple / Spotify)
Tumbling Chinese stocks and rapid Chipotle hiring (Apple / Spotify)
The mess at the heart of China's economy (Apple / Spotify)
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
veryGood! (214)
Related
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- JoJo Siwa's Bold Hair Transformation Is Perfect If You're Torn Between Going Blonde or Brunette
- Firework injuries send people to hospitals across U.S. as authorities issue warnings
- Man fishing with his son drowns after rescuing 2 other children swimming at Pennsylvania state park
- Trump wants to turn the clock on daylight saving time
- China’s Dramatic Solar Shift Could Take Sting Out of Trump’s Panel Tariffs
- RHOC's Tamra Judge Reveals Where She and Shannon Beador Stand After Huge Reconciliation Fight
- Why Vanderpump Rules' Tom Schwartz Feels Angst Toward Tom Sandoval After Affair
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- When Autumn Leaves Begin to Fall: As the Climate Warms, Leaves on Some Trees are Dying Earlier
Ranking
- Highlights from Trump’s interview with Time magazine
- Migrant workers said to be leaving Florida over new immigration law
- Matty Healy Sends Message to Supporters After Taylor Swift Breakup
- Vanessa and Nick Lachey Taking Much Needed Family Time With Their 3 Kids
- Meta donates $1 million to Trump’s inauguration fund
- Vanderpump Rules: Raquel Leviss Wanted to Be in a Throuple With Tom Sandoval and Ariana Madix
- Senate 2020: In Alaska, a Controversy Over an Embattled Mine Has Tightened the Race
- Alligator attacks and kills woman who was walking her dog in South Carolina
Recommendation
Former Danish minister for Greenland discusses Trump's push to acquire island
Targeted as a Coal Ash Dumping Ground, This Georgia Town Fought Back
Why Tom Holland Is Taking a Year-Long Break From Acting
Climate Summit ‘Last Chance’ for Brazil to Show Leadership on Global Warming
Skins Game to make return to Thanksgiving week with a modern look
How Georgia Became a Top 10 Solar State, With Lawmakers Barely Lifting a Finger
Human torso brazenly dropped off at medical waste facility, company says
Lady Gaga Will Give You a Million Reasons to Love Her Makeup-Free Selfies