Will China rescue the troubled property group Evergrande? | Inside Story

Fears that one of China's biggest property developers could default on its debt are rippling through global markets. The vast Evergrande group has outstanding debts of more than $300 billion. Building work on many of its projects has stopped, and several investors have stopped getting paid. On Friday, the company entered a 30-day grace period to make an $83 million interest payment, after missing a deadline. The firm's woes have been compared to the collapse of the Lehman Brothers group in the U.S. in 2008. So, what would a possible collapse of this company mean for China and the world?

Presenter: Kim Vinnell

Guests:

Gareth Leather - Senior Economist at Capital Economics.

Victor Gao - Chair Professor at Soochow University, and also Vice President at the Centre for China and Globalisation.

Adam Hersh - Visiting Economist at the Economic Policy Institute.

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