China's problem with property: the domino effect of Evergrande's huge debts
- Written by Qing Wang, Professor of Marketing and Innovation, Director, Marketing Innovation and The Chinese and Emerging Economies (MICEE) Network, Warwick Business School, Warwick Business School, University of Warwick
shutterstockThe Chinese property giant Evergrande is suffering under an enormous pile of debt, reportedly worth US$305 billion (£220 billion). There have been angry protests at its headquarters, shares have tumbled, and the eyes of the financial world remain anxiously focused on its future.
Put simply, the situation at Evergrande is dire....