DiscoverThe DailyA Threat to China’s Economy
A Threat to China’s Economy

A Threat to China’s Economy

Update: 2021-10-2512


Every once in a while a company grows so big and messy that governments fear what would happen to the broader economy if it were to fail. In China, Evergrande, a sprawling real estate developer, is that company.

Evergrande has the distinction of being the world’s most debt-saddled property developer and has been on life support for months. A steady drumbeat of bad news in recent weeks has accelerated what many experts warn is inevitable: failure.

But will the government let the company fail? And what would happen if it did?

Guest: Alexandra Stevenson, a business correspondent based in Hong Kong covering Chinese corporate giants.

Love listening to New York Times podcasts? Help us test a new audio product in beta and give us your thoughts to shape what it becomes. Visit to join the beta.

Sign up here to get The Daily in your inbox each morning. And for an exclusive look at how the biggest stories on our show come together, subscribe to our newsletter

Background reading: 

  • The property giant’s success mirrored the country’s transformation from an agrarian economy to one that embraced capitalism. Its struggles offer a glimpse of a new financial future.
  • Evergrande isn’t the only Chinese real estate developer in trouble — another, Fantasia Holdings Group, recently missed a key payment to foreign bondholders, heightening the persistent fears of a coming crisis in China’s real estate sector.

For more information on today’s episode, visit Transcripts of each episode will be made available by the next workday. 

Comments (1)

Zeeshan Muhammad

Extremely good recap of the events so far and the debt deadlines.

Oct 26th








Sleep Timer


End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

A Threat to China’s Economy

A Threat to China’s Economy

The New York Times