Current:Home > StocksWhat's really happening with the Evergrande liquidation -ProfitBlueprint Hub
What's really happening with the Evergrande liquidation
View
Date:2025-04-14 06:41:00
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! (5)
Related
- See you latte: Starbucks plans to cut 30% of its menu
- Emergency summit on Baltimore bridge collapse set as tensions rise over federal funding
- Here's What Sisqó Is Up to Now—And It Involves Another R&B Icon
- Foul play suspected in the disappearance of two Kansas women whose vehicle was found in Oklahoma
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Got your eclipse glasses? This nonprofit wants you to recycle them after April 8 eclipse
- Foul play suspected in the disappearance of two Kansas women whose vehicle was found in Oklahoma
- Earthquake snarls air and train travel in the New York City area
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Boeing’s CEO got compensation worth nearly $33 million last year but lost a $3 million bonus
Ranking
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- 'Game of Thrones' star Joseph Gatt files $40M lawsuit against Los Angeles officials for arrest
- Senate candidates in New Mexico tout fundraising tallies in 2-way race
- Caitlin Clark reveals which iconic athlete is on her screensaver — and he responds
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Senate candidates in New Mexico tout fundraising tallies in 2-way race
- Congress returns next week eyeing Ukraine aid, Baltimore bridge funds and Mayorkas impeachment
- Levi's stock jumps 20%, boosted by Beyoncé song featuring Post Malone
Recommendation
Trump wants to turn the clock on daylight saving time
New Mexico electric vehicle mandates to remain in place as auto dealers fight the new rules
Afraid of flying? British Airways wants to help.
Beyoncé stuns in country chic on part II of W Magazine's first-ever digital cover
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Inmates all abuzz after first honey harvest as beekeepers in training
Michael J. Fox Reveals His One Condition for Returning to Hollywood
Christian Combs, Diddy's son, accused of sexual assault in new lawsuit: Reports