What Is China Evergrande and Why Is It in Trouble?

Evergrande shares have crashed to an all-time low; Hang Seng Index is at 52-week low; and Hang Seng Property Index has sunk to its lowest since the global recession. Other Chinese property stocks are also down by double digits in intra-day session. Fear of default by Evergrande is causing panic among investors. As Evergrande is expected to default, a large systemic risk looms large on Chinese economy. Watch this video to find out more.

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