China Property Giant 'Evergrande' Admits Colossal Debt

Property giant China Evergrande Group has said that it cannot sell properties and other assets fast enough to service its massive $300bn debts, and that its cashflow was under “tremendous pressure”. What impact will that have on the local and international property markets? Gavin McLoughlin asked these questions of Rebecca Choong Wilkins - Journalist with Bloomberg Taking Stock with on Apple Podcasts, Google Podcasts and Spotify.      Download, listen and subscribe on the Newstalk App.     You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.