Evergrande's Financial Crisis and Its Implications

This chapter explores the severe financial challenges faced by Evergrande, a major Chinese real estate company with $300 billion in liabilities. It discusses the potential repercussions of its bankruptcy on various sectors, drawing parallels to the 2008 financial crisis while examining the unique aspects of China's state-backed financial system. The chapter also highlights the historical context of real estate bubbles and their inherent risks, emphasizing the need for affordable housing in an urbanizing China.