The Impact of Evergrande's Crisis on China's Property Sector and Hong Kong

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The potential liquidation of Evergrande's property projects to pay off creditors could have a huge impact on China's property crisis. It may hurt China's efforts to complete and deliver homes to buyers, leading to disastrous consequences for the property sector and further eroding buyer's confidence. While it's unlikely that Chinese courts will carry out liquidation orders, the situation raises concerns about the implications for foreign investors in Hong Kong, a historically safe investment hub for Chinese companies.

One of the country’s biggest property companies, Evergrande, has been crippled by its debt. What does a new court order mean for prospective homebuyers, and the firm’s creditors? Is there a way for Joe Biden to be replaced by the Democrats’ presidential candidate (09:45)? And the story of the life of a Mossad chief (15:57).

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