Global financial crash warning: One of world's biggest property firms on brink of collapse

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FEARS of a second financial crash have sent shockwaves across the world as one of the biggest property firms is on the brink of collapse.

total GDP. After the Chinese government introduced restrictions on how much companies could borrow, Evergrande has struggled to pay off its debt repayments thus putting it on the brink of collapse.Although the Evergrande Group managed to pay $83.5million in a bond interest payment on Friday, the company missed a separate deadline on September 23 and two other payments on September 29 and October 11 worth up to $193million .

 

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