Marketplace
Marketplace
Sep 21, 2021
How one massive Chinese company rattled the U.S. stock market
Play • 27 min

Anxiety over Evergrande, a behemoth property developer in China, and its $300 billion debt sent stock markets around the globe tumbling on Monday. The situation is spotlighting precarity in China’s real estate sector and the country’s economy as a whole; some fear a Lehman Brothers-style crisis. The uncertain future of Evergrande, coupled with supply chain and inflation woes, could continue to stoke market jitters. Plus: Location-based setbacks for new houses, high-frequency data hints about the labor market and mixed business is dished up for New York’s lunch spots.

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