China: Evergrande Delisted: China’s $300 Billion Property Collapse
#GRAVITAS | Evergrande, once China’s second-largest property developer, has been officially delisted from the Hong Kong Stock Exchange after a court-ordered collapse. With debts surpassing $300 billion, its shares have plunged over 99%. The fallout has shaken the real estate sector, with massive economic repercussions. This crisis marks a pivotal moment in China’s economic shift as the government refocuses on sustainable growth sectors. Watch this segment to understand the scope of Evergrande's fall and its impact on China’s economy.
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