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: