China's housing crisis deepens as Evergrande shares slide - BBC News
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- Publish Date:
- September 28, 2023
- Category:
- Real Estate Trends
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- Standard License
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- Youtube
Shares in the Chinese property firm Evergrande have fallen as problems in the country’s struggling housing market deepen – affecting the wider economy.
Its mainland unit Hengda Real Estate has defaulted on 4bn yuan (£449m; $547m) of debt, it revealed on Monday.
The BBC’s Analysis Editor Ros Atkins examines the background to the current crisis.
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