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Chinese Company Evergrande's Debt Crisis Is Rattling Global Markets — Here's Why

The massive Chinese real-estate conglomerate Evergrande is teetering on the edge of a debt crisis.

If it defaults on its debt, it could rattle the Chinese economy and markets around the world.

Here & Now‘s Scott Tong talks with Tom Orlik, Chief Economist for Bloomberg Economics, who explains what Evergrande is and why its financial crisis matters.

This article was originally published on WBUR.org.

Copyright 2021 NPR. To see more, visit https://www.npr.org.