China’s housing crisis deepens as Evergrande shares gallop – BBC Recordsdata

China’s housing crisis deepens as Evergrande shares gallop – BBC Recordsdata

Shares in the Chinese language property firm Evergrande beget fallen as problems in the nation’s struggling housing market deepen – affecting the broader economy.

Its mainland unit Hengda Proper Property has defaulted on 4bn yuan (£449m; $547m) of debt, it published on Monday.

The BBC’s Diagnosis Editor Ros Atkins examines the background to basically the most modern crisis.

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