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World Business Report: First broadcast 13/09/2021 00:06 GMT : Fears one of China's biggest property groups could collapse

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First broadcast 13/09/2021 00:06 GMT 

First broadcast 13/09/2021 00:06 GMT : Fears one of China's biggest property groups could collapse

Fears one of China's biggest property groups could collapse

BBC World Service - World Business Report, Fears one of China's biggest property groups could collapse

Debt-ridden Evergrande is close to collapse - will the Chinese government step in?

Fears are mounting that one of China's biggest property development groups, Evergrande, is close to collapse. Sara Hsu, an economist and visiting scholar at China's Fudan University gives us her analysis of what has gone wrong and why she believes the Chinese government won't let the debt laden company fail. It's London International Shipping week and we talk to Sarah Kenny, the chair of Maritime UK, about the surging costs of transporting freight by sea and making shipping more climate friendly. Also in the programme, the lights are on again on Broadway. Theatre critic Matt Windman with AM New York tells us how the lockdown hit a key part of the entertainment industry while Kate Shindle, the President of the Actors' Equity Association in New York shares with us the excitement of the stars and crews as theatres prepare to open their doors.

(Image:China Evergrande Centre building sign is seen in Hong Kong, Credit: Reuters)

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First broadcast 13/09/2021 00:06 GMT : Fears one of China's biggest property groups could collapse

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