Learn English: Evergrande: The Giant That Fell! (easy)

4 days, 21 hours ago

Evergrande: The Giant That Fell!

Imagine a really big company that built lots of houses, called Evergrande; it had a big problem!

They borrowed too much money to build so many houses and couldn't pay it back; the company got in trouble.

The government made new rules about borrowing money to make things better and therefore, Evergrande's houses were less popular.

This shows us that even the biggest companies can have problems if they don't manage their money well.

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Source

Original: BBC News

Tags

#Evergrande #China #Real Estate Crisis #Financial Crisis #Chinese Economy

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