Evergrande and China's property woes

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In September China's second largest real-estate developer, Evergrande, missed an $83.5 million debt payment. Skeptics and bears on China have long said that its property market, which makes up some 30 percent of GDP, is over-leveraged and overheated. The recent news has people as ...  Show more

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. 

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 issu ...  Show more

Mimi Lau speaks with SCMP reporter Pearl Liu about the background to the US$300 billion debt crisis for China's property giant Evergrande, the warning signs from 2019 and escalating events this year that lead to protests across China. Desk editor Zhou Xin explores how Evergrande ...  Show more