How does China fix the Evergrande mess?

2023-10-27 06:47

The heavily indebted company has become the poster child of the country's flailing property sector.

The Chinese property developer Evergrande owes more than $325bn (£269bn). That's more than Russia's entire national debt.

For two years, the company has been lurching from crisis to crisis, repeatedly failing to make payments on its multi-billion dollar loans.

Now its billionaire chairman...