Will Global Economy Crash?
Chinese real estate giant, Evergrande, is on the verge of bankruptcy, which might well tank the global economy. China Uncensored’s Chris Chappell says Evergrande has buried itself under an unsustainable amount of debt and it’s difficult to see any way out.
All eyes are now focusing on Beijing in hopes of a possible bailout. If not, says Chappell, we may see the crash of the global economy, similar to the financial crisis of 2008. Here’s more.