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World Business Report: First broadcast 25/09/2023 14:32 GMT : China's property crisis: how will it impact the economy?

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China's property crisis: how will it impact the economy?

First broadcast 25/09/2023 14:32 GMT 

First broadcast 25/09/2023 14:32 GMT : China's property crisis: how will it impact the economy?

BBC World Service - World Business Report, China's property crisis: how will it impact the economy?

Property giant Evergrande’s share price drops more than 20%

Evergrande's shares dropped by more than a fifth just two days after it warned that it was cancelling some creditor meetings designed to reassess terms for its restructuring.

Property giant Evergrande's financial problems have rippled through China's vast property industry, with several other developers defaulting on their debts. We look at this in more detail and and what’s likely to happen next for the sector – and the wider Chinese economy.

(Picture: Daily Life In China's Evergrande Community. Picture credit: Getty Images)

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First broadcast 25/09/2023 14:32 GMT : China's property crisis: how will it impact the economy?

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