How the Chinese property market created a potential financial crisis - The Backstory with Matt Bevan - a podcast by ABC Radio

from 2021-09-23T06:45

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For the last couple of weeks, China's second-largest property developer Evergrande Group has looked on the verge of collapse, sparking concerns for the wider financial system.

Its troubles stem from an enormous debt it accrued trying to take advantage of soaring property prices.