China Evergrande Crisis Worsens as Defaults Pile Up

The video discusses the ongoing financial crisis of Evergrande, a major Chinese property developer. It highlights recent events such as the detention of executives, canceled shareholder meetings, and financial defaults. The company's complex debt restructuring plan is outlined, emphasizing the challenges posed by China's oversupplied property market. The government is attempting to stabilize the sector through various measures, but investor confidence remains low.

What is the estimated amount of property debts at risk of defaults in China?

What are the reasons behind the lack of confidence among potential property buyers?