The Intelligence: China’s ever grander property crisis
The Intelligence from The Economist
The Economist
4.5 • 3.7K Ratings
🗓️ 30 January 2024
⏱️ 25 minutes
🧾️ Download transcript
Summary
One of the country’s biggest property companies, Evergrande, has been crippled by its debt. What does a new court order mean for prospective homebuyers, and the firm’s creditors? Is there a way for Joe Biden to be replaced by the Democrats’ presidential candidate (09:45)? And the story of the life of a Mossad chief (15:57).
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Transcript
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| 0:00.0 | Listen. That's the sound of nothing happening. |
| 0:05.8 | To us, it's the sound of success. |
| 0:09.0 | It means your systems are secured, your vulnerabilities eliminated, your business stronger, and all is quiet. |
| 0:18.2 | Because we've stopped a cyber attack before it even starts. |
| 0:21.3 | SRM, your first call. before it even starts. |
| 0:26.0 | S.R.M. your first call for cyber security. Search your first call to find out more. The Economist. |
| 0:37.0 | Hello and Welcome to the Intelligence from the Economist. |
| 0:45.8 | I'm your host, Ora Ogambi. |
| 0:48.3 | Every weekday we provide a fresh perspective on the events shaping your world. |
| 0:55.0 | As Donald Trump edges closer to securing the Republican nomination, |
| 1:01.0 | there are growing worries about the Democrats' chances of being reelected. |
| 1:05.8 | Is the party stuck with Joe Biden? |
| 1:10.0 | And on the life of Zviz-Amir, the former director of Mossad, Israel's intelligence agency, who oversaw |
| 1:16.2 | the response to the murder of 11 of his compatriots at the 1972 Olympics in Munich. First up there. |
| 1:35.0 | there. |
| 1:36.0 | No firm has been. |
| 1:40.0 | No firm has been more central to China's property crisis than Evergrand. |
| 1:47.0 | It is the world's most indebted real estate developer with more than $ billion dollars in liabilities. |
| 1:54.0 | Its troubles unnerved the whole population, |
| 1:57.0 | prompting the rarest of events in China, |
| 2:00.0 | protests. |
| 2:02.0 | Yesterday, a... Protests. Yesterday a judge in Hong Kong ordered Evergrand's liquidation. |
... |
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