- Luxury Daily - https://www.luxurydaily.com -

If Evergrande fails, it is taking global luxury brands with it

Posted By a Luxury Daily columnist On In Featured,Industry sectors,Retail | No Comments
Evergrande, which drove much of China’s property boom, now finds itself straddled with $300 billion of debt. If Beijing doesn’t come to the rescue, will Evergrande’s collapse spark a financial crisis? Image credit: Shutterstock Evergrande, which drove much of China’s property boom, now finds itself straddled with $300 billion of debt. If Beijing doesn’t come to the rescue, will Evergrande’s collapse spark a financial crisis? Image credit: Shutterstock

 

By Marc Einsele