Money Talks: It’s not just Evergrande
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 10 November 2021
⏱️ 30 minutes
🧾️ Download transcript
Summary
The debt-ridden Chinese property giant continues to teeter on the verge of collapse. But the rot in China’s financial system goes much deeper—and could pose a global risk. As COP26 in Glasgow nears a close, we explore the drawbacks of the debate over “degrowth” for tackling climate change. And the property website Zillow’s house-flipping flop reveals the limits of big data in real estate. Henry Tricks hosts
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Transcript
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| 0:00.0 | Heard about Magpie, the vegan pie truck that needed a bit of help from GoDaddy. |
| 0:03.4 | One day the owners are like, |
| 0:04.8 | this business hasn't reached this potential. |
| 0:07.1 | And the other one goes, |
| 0:08.2 | we need a bigger piece of the pie. |
| 0:09.9 | And then it hits her. |
| 0:11.1 | We need GoDaddy. |
| 0:12.0 | Look, we can get a domain name and create an online store, |
| 0:14.8 | so we can sell to more customers. |
| 0:16.8 | Now they've gone from serving a couple of pies to a vlogging nationwide. |
| 0:20.9 | And now everyone's like, |
| 0:22.2 | vegan pies are the new thing around here. |
| 0:25.0 | Wait, no me! |
| 0:26.3 | Tittin' next step on your business journey with GoDaddy. |
| 0:38.3 | The Chinese property giant Evergrande |
| 0:40.3 | continues to teeter on the brink of collapse. |
| 0:43.2 | But it's not just Evergrande, |
| 0:44.9 | the rot in China's banking system goes much deeper. |
| 0:49.6 | You're listening to Money Talks from the Economist. |
| 0:52.6 | Our weekly podcast on the markets, |
| 0:54.6 | the economy and the world of business. |
| 0:56.6 | I'm Henry Tricks, the economist, |
... |
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