PBS NewsHour

Exploring Evergrande's failures and why China is intervening

Clip: 09/30/2021 | 5m 3s | Video has closed captioning.

"Too big to fail" was a phrase used during the global financial crisis for large companies so over-extended that their collapse could cripple global finance. China is now trying to take a too-big company with too much debt, and manage its failure. The company is a real estate giant called "Evergrande". Nick Schifrin has more.

Aired: 09/30/21

Rating: NR

Problems Playing Video? | Closed Captioning

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