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	Podcast:		Please Explain
	Episode:		The Evergrande debt crisis: how worried should we be?
	Category:		News & Politics
	Duration:		00:14:54
	Publish Date:		2021-09-29 04:14:00
	Description:		A week ago global sharemarkets took a tumble on fears that an imminent collapse of Chinese property giant Evergrande could spark a global financial crisis in the same way as the collapse of US investment bank Lehman Brothers did in 2008. The Evergrande story is woven into a broader story in China about a massive boom in property prices and construction since the 1990s and recent attempts by the Chinese authorities to reign things in. Today on Please Explain, North Asia correspondent Eryk Bagshaw joins Jess Irvine to discuss what exactly is Evergrande, how likely is it to collapse, and what would it mean for Australia if it did? Subscribe to The Age & SMH: https://subscribe.smh.com.au/ See omnystudio.com/listener for privacy information.
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