It is widely reported that China’s second-largest real estate developer Evergrande has a massive debt burden and is in the risk of a collapse. The company is saddled with more than $300 billion in liabilities and is scrambling to raise funds to pay lenders and suppliers. The news of the imminent fall of the company sent shock waves across the global markets, and many believed that it could affect China’s growth and plunge the global economy into another crisis.
What is the crisis all about? Should Indian investors worry? Editorial Consultant Aarati Krishnan explains the crisis in this podcast.