China’s housing disaster deepens as Evergrande shares traipse – BBC Recordsdata

China’s housing disaster deepens as Evergrande shares traipse – BBC Recordsdata

Shares in the Chinese language property company Evergrande possess fallen as problems in the country’s struggling housing market deepen – affecting the wider economic system.

Its mainland unit Hengda Accurate Property has defaulted on 4bn yuan (£449m; $547m) of debt, it printed on Monday.

The BBC’s Evaluation Editor Ros Atkins examines the background to the most up-to-date disaster.

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