A Threat to China’s Economy
The Daily25 Okt 2021

A Threat to China’s Economy

Every once in a while a company grows so big and messy that governments fear what would happen to the broader economy if it were to fail. In China, Evergrande, a sprawling real estate developer, is that company.

Evergrande has the distinction of being the world’s most debt-saddled property developer and has been on life support for months. A steady drumbeat of bad news in recent weeks has accelerated what many experts warn is inevitable: failure.

But will the government let the company fail? And what would happen if it did?

Guest: Alexandra Stevenson, a business correspondent based in Hong Kong covering Chinese corporate giants.

Love listening to New York Times podcasts? Help us test a new audio product in beta and give us your thoughts to shape what it becomes. Visit nytimes.com/audio to join the beta.

Sign up here to get The Daily in your inbox each morning. And for an exclusive look at how the biggest stories on our show come together, subscribe to our newsletter.

Background reading:

  • The property giant’s success mirrored the country’s transformation from an agrarian economy to one that embraced capitalism. Its struggles offer a glimpse of a new financial future.
  • Evergrande isn’t the only Chinese real estate developer in trouble — another, Fantasia Holdings Group, recently missed a key payment to foreign bondholders, heightening the persistent fears of a coming crisis in China’s real estate sector.

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Episoder(2803)

The Future of Energy Has Arrived — Just Not in the U.S.

The Future of Energy Has Arrived — Just Not in the U.S.

For the first time in 30 years, the annual U.N. conference on climate change is taking place without top government representation from the United States. China has emerged as the top dog at the summi...

18 Nov 202535min

Unpacking Trump’s 50-Year Mortgage Proposal

Unpacking Trump’s 50-Year Mortgage Proposal

When President Trump proposed the introduction of a 50-year mortgage, he challenged a bedrock of the American housing market and financial system. He also revealed how desperate the administration is ...

17 Nov 202525min

Sunday Special: A Sea of Streaming Docs

Sunday Special: A Sea of Streaming Docs

There was once a time when documentaries could be found only on public television or in art-house cinemas. But today, documentaries are more popular and accessible than ever, with streaming services s...

16 Nov 202550min

'The Interview': Tina Brown on Epstein, the Über-Rich and Her Most Burning Resentments

'The Interview': Tina Brown on Epstein, the Über-Rich and Her Most Burning Resentments

The longtime editor and chronicler of the elite says she’s liberated and is letting it rip. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your fa...

15 Nov 202548min

Ozempic for All?

Ozempic for All?

Drugs like Ozempic and Zepbound have revolutionized weight loss. And starting next year, the drugs are going to become more affordable for Americans because of a deal struck with pharmaceutical compan...

14 Nov 202522min

‘He Knew’: What Epstein Said About Trump in New Emails

‘He Knew’: What Epstein Said About Trump in New Emails

Thousands of pages of newly released emails between Jeffrey Epstein and his associates have put the convicted sex offender’s relationship with President Trump back in the spotlight.David Enrich and Mi...

13 Nov 202528min

An Interview With the Man Behind Trump’s Current Immigration Crackdown

An Interview With the Man Behind Trump’s Current Immigration Crackdown

Warning: This episode contains strong language.As the Trump administration ramps up its crackdown on illegal immigration, it has turned to Gregory Bovino, a Border Patrol official, to try to increase ...

12 Nov 202540min

The Messy Politics of the Democratic Shutdown Deal

The Messy Politics of the Democratic Shutdown Deal

On Monday night, a small group of Senate Democrats broke from their colleagues and struck a deal with Republicans to try to end the government shutdown. The vote signaled a break in the gridlock that ...

11 Nov 202531min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
forklart
popradet
aftenpodden-usa
stopp-verden
lydartikler-fra-aftenposten
rss-gukild-johaug
det-store-bildet
fotballpodden-2
i-retten
dine-penger-pengeradet
rss-ness
nokon-ma-ga
aftenbla-bla
hanna-de-heldige
frokostshowet-pa-p5
rss-penger-polser-og-politikk
bt-dokumentar-2
rss-dannet-uten-piano