In this video, we explain the highly debated recent topic of the Evergrande Crisis, its causes, its impact on the global and Chinese economy, and so on.
What is the Evergrande Firm?
Evergrande is one of the largest property dealers in China; the firm is part of the global 500, making it one of the highest revenue grossing companies in the world.
What is the Evergrande Crisis?
So, the Evergrande crisis is basically all about the Evergrande firm running into incredible debt (almost 300 billion US dollars) due to its overambitious pursuits.
What Caused the Evergrande Crisis?
– Chinese regulators cracking down on the erratic borrowing habits of the property developers.
– Slow down in the Chinese property market due to lesser inclination of people towards residential properties.
Further, we also discuss the impact of the Evergrande Crisis on the Chinese and global market and whether the Chinese government will step in to bail out the property firm.
So tune in and Watch till the End!
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