Evergrande Files for Bankruptcy, China's Economy in Trouble

Evergrande Files for Bankruptcy, China’s Economy in Trouble

China’s Evergrande Group is drowning in debt equivalent to 2% of the entire Chinese GDP. That’s around $340 billion!

Evergrande has taken a plunge into the abyss of Chapter 15 bankruptcy.

What are the implications of Evergrande’s bankruptcy? Can it bounce back from its ultimate end? Keep watching as we reveal the complications of the situation – not only for Evergrande but also for the Chinese economy.

By the end of this video, you’ll grasp the full magnitude of the financial earthquake that’s shaking China to its core.

In today’s video we look at Evergrande Files for Bankruptcy, China’s Economy in Trouble

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Inspired by How Evergrande Became China’s Biggest Financial Headache

Inspired by China property giant Evergrande files for US bankruptcy protection – BBC News

Inspired by China’s economic woes deepen with Evergrande US bankruptcy filing | DW Business

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