China’s housing crisis deepens as Evergrande shares slide – BBC News

Shares in the Chinese property firm Evergrande have fallen as problems in the country’s struggling housing market deepen – affecting the wider economy.

Its mainland unit Hengda Real Estate has defaulted on 4bn yuan (£449m; $547m) of debt, it revealed on Monday.

The BBC’s Analysis Editor Ros Atkins examines the background to the current crisis.

Please subscribe here: http://bit.ly/1rbfUog

#China #BBCNews