Evergrande Crisis Explained | Tamil | Jennis vodcast

The troubles at Evergrande, the world’s most indebted property developer, have spiralled into a full-blown crisis for China’s real estate sector as the number of defaults continues to mount. Supply shortages have pushed Chinese coal prices to successive record highs, while policymakers are also grappling with blackouts driven largely by local governments’ aggressive implementation of targets to cut emissions. How much those disruptions are likely to have weighed on this week’s third-quarter data depends on who you ask: forecasts from economists surveyed by Bloomberg range from a high of 5.8 per cent year-on-year to a low of 4.5 per cent. That is on the heels of a searing 7.9 per cent rise in the second quarter.

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