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

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

29/08/2023 GMT

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

Global business news, with live guests and contributions from Asia and the USA.

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.

A technical issue at UK air traffic control has led to long flight delays and a federal judge has scheduled the trial for Donald Trump for his alleged effort to overturn the 2020 election for 4 March, the day before Super Tuesday, the biggest voting day in the Republican race.

Roger Hearing discusses these topics and more with Gaby Castro-Fontoura, a business consultant based in Uruguay, and Ralph Silva of the Silva Research Network in Toronto, Canada.

(Evergrande Group logo. Photo Credit: Getty Images)

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

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