🖤 Donations of all sizes power our public service journalism Give Now

With Chinese developer Evergrande set to liquidate, impact may spread beyond investors

Jan 29, 2024
Unwinding the debt-burdened company will likely create large losses among creditors and could trigger some capital flight.
An Evergrande Group residential complex in Beijing. The company has $300 billion in total liabilities.
Greg Baker/AFP via Getty Images

Church? Apartments? As youth population drops, developers reimagine schools

Oct 18, 2022
Following the 2008 recession, people had fewer kids. Now, districts need fewer schools and are selling them to people with big dreams.
A potential buyer looks out the window of the empty library in Dr. Martin Luther King Jr. Elementary/Middle School in northwest Baltimore, which has been closed since 2020.
Stephanie Hughes/Marketplace

Why is Evergrande shaking markets?

Sep 21, 2021
The Chinese property developer is "potentially representative of a much broader set of problems across China's real estate sector," one expert says.
Noel Celis/AFP via Getty Images