BFM 89.9
The Business Station
Evergrande Got Too Grand For Its Own Good
9 mins·07:30, 27 Sept 2021
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Evergrande Got Too Grand For Its Own Good
9 mins
·
07:30, 27 Sept 2021
·
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The world most indebted property company turned conglomerate, Evergrande is facing a debt pile of over US$300 billion with a serious cash crunch. Alfredo Montufar-Helu, Beijing Director, The Economist Intelligence Corporate Network tells us the backstory of how this happened and is the Chinese government going to save the day.
Image credit: hxdbzxy / Shutterstock.com
Presenter: Wong Shou Ning, Philip See
Producer: Sim Wie Boon
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