Recommended Watch: Evergrande crisis, energy shortages: The end of China’s rapid economic growth? | Live talk (youtube.com)
Join us as we talk about China's troubled economy: The plight of the heavily indebted Chinese property company Evergrande has sparked fears of contagion that could damage economic growth in China, the world's second-biggest economy, then spill over into the supply chain and wreak havoc on global growth. There is a general perception that the Chinese government will intervene in some way to rescue Evergrande, despite its debts of $300 billion (€256 billion) and that Evergrande, unlike Lehman Brothers in the global financial crisis in 2008, is too big to fail.
In addition to Evergande's troubles, a power crunch in some parts of China has shut down factories and left households without electricity. The shortages come as coal prices rise and in some cases because of efforts to meet official energy use targets.

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#China #Evergrande #Economy
    • 1
    Francisco Gimeno - BC Analyst DW again hitting the right nail with the right hammer. Evergrande crisis in China is only the tip point of a bigger event which could be a black swan, or at least a call for huge changes in the economic, financial sector in China, with all the challenges and opportunities that this brings, and the global consequences too. If we add to this energy crunch woes (not only there) and other imbalances, it seems this Autumn is going to be very interesting indeed.