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World Business Report: First broadcast 18/08/2023 14:32 GMT : China property giant Evergrande files for US bankruptcy protection

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China property giant Evergrande files for US bankruptcy protection

First broadcast 18/08/2023 14:32 GMT 

First broadcast 18/08/2023 14:32 GMT : China property giant Evergrande files for US bankruptcy protection

BBC World Service - World Business Report, China property giant Evergrande files for US bankruptcy protection

Evergrande: China property giant files for US bankruptcy protection

Evergrande, China’s property giant has filed for bankruptcy protection in the US as the real estate crisis in China deepens.

The giant Chinese property developer, Evergrande, has played down its decision to file for bankruptcy protection in the United States.  The company described the move as a 'normal procedure'. We hear concerns about property values are falling faster than Beijing has revealed.  

And we will look at the Women’s World Cup final over the weekend - England will take on Spain.  Co-hosting the tournament was expected to generate about a third of a billion dollars for the Australian economy. 

Google AdSense - a technology used by Google to serve advertisements based on website content - does not support indigenous African languages. So what is Google doing to help African language websites monetise their content?

(The Evergrande Group headquarters building in Shenzhen, China. Picture Credit: Getty Images)

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First broadcast 18/08/2023 14:32 GMT : China property giant Evergrande files for US bankruptcy protection

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