China’s housing disaster deepens as Evergrande shares glide – BBC Information

China’s housing disaster deepens as Evergrande shares glide – BBC Information

Shares in the Chinese language property firm Evergrande have fallen as issues in the nation’s struggling housing market deepen – affecting the wider financial system.

Its mainland unit Hengda Real Estate has defaulted on 4bn yuan (£449m; $547m) of debt, it revealed on Monday.

The BBC’s Diagnosis Editor Ros Atkins examines the background to the present disaster.

Please subscribe right here: g

#China #BBCNews

You May Also Like

About the Author: Laramie Advantage News

Leave a Reply

Your email address will not be published. Required fields are marked *