Listen: News of the money world / Ep 15 / Evergrande
Welcome to News of the Money World, a mini-podcast series that we're doing in partnership with NZ Everyday Investor. It's a short, fortnightly show, about what’s happening in the finance world and how that affects you, the everyday Kiwi.
We had a great discussion this week with Rupert and Darcy covering what's been happening over in China as of late.
They place a special focus on the country's second biggest property developer - Evergrande, who have found themselves in trouble with a massive US $300b worth of debt. They talk about how exactly a company can wind up with debt that is 5x more than the NZ Government's debt of $60b, and how and why this could impact the wider markets (yes even here in NZ)!
Listen in live by joining us on the NZ Everyday Investor Facebook page every second Wednesday at 5:30 pm! The next episode is Wednesday 6th October.