Evergrand - What's the Precipitating Factor?

Evergrande is a massive Chinese real estate company that has found itself with more than $300 billion in liability and no real idea of how to get out of debt. Its financial problems have come to a head in recent months, and concerns have grown about the potential of Evergrande’s debt problems to threaten the Chinese economy. It's a financial story, but one with real implications for China's broader economic picture in great power competition between the U.S. and China. To break it all down, Jacob Schulz spoke with Katrina Northrop. a reporter for The Wire China and the author of a recent profile of Evergrande and its highly mercurial CEO.

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