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World Business Report: First broadcast 28/08/2023 21:32 GMT : Evergrande: Shares in the crisis-hit Chinese developer plunge by 80%

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Evergrande: Shares in the crisis-hit Chinese developer plunge by 80%

First broadcast 28/08/2023 21:32 GMT 

First broadcast 28/08/2023 21:32 GMT : Evergrande: Shares in the crisis-hit Chinese developer plunge by 80%

BBC World Service - World Business Report, Evergrande: Shares in the crisis-hit Chinese developer plunge by 80%

Shares in embattled Chinese property developer Evergrande have fallen almost 80% in their first day of trading in Hong Kong for a year and a half. The shares have lost more than 99% of their value in the past three years as Beijing cracked down on property firms.

Also, a technical issue at UK air traffic control has led to long flight delays and even though layoffs are down, employers are still finding ways to cut jobs

(Evergrande Group logo in Suqian, Jiangsu Province, China. Photo Credit: Getty Images)

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First broadcast 28/08/2023 21:32 GMT : Evergrande: Shares in the crisis-hit Chinese developer plunge by 80%

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