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Evergrande debt crisis explained

Evergrande’s total liabilities equal to almost 2% of China’s GDP. The troubled company has been scrambling to raise the funds it needs to pay lenders and suppliers, with regulators and financial markets worried that any crisis could end up rippling through China’s banking system and potentially trigger wider social unrest.

Watch the video to know more about the Evergrande debt crisis and how it affects China’s financial system.

You can read the full story here: https://www.asiafinancial.com/evergrande-debt-crisis-a-risk-to-chinas-banks-bonds-and-jobs-market

Check out the full coverage of Evergrande debt crisis on Asia Financial:

https://www.asiafinancial.com/tag/china-evergrande

Ankur Tanwar

After graduating as a Computer Science student and having worked as Data Analyst for two years, Ankur made the switch to the film and entertainment industry. With an affinity for understanding and managing software, Ankur found a talent for video editing and has worked for Asia Financial since launch, as a Video Editor and Producer. Ankur is in charge of the AF TV production unit based in Delhi.

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