China property giant Evergrande files for US bankruptcy protection

Business Matters - Podcast autorstwa BBC World Service

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We discuss how the heavily-indebted Evergrande hopes filing for bankruptcy protection will protect its assets in the US, as it works on a multi-billion dollar deal with creditors. The move comes as problems in China's property market add to concerns about the world's second largest economy. Also, US President Joe Biden has today hailed a "new era" of unity with the leaders of South Korea and Japan, as the three allies announced security cooperation at a first-of-its-kind summit, at Camp David, west of Washington. Millions of people will be gearing up to watch the Women's World Cup final over the weekend, when Spain take on England. Our presenter Rahul Tandon is joined by Takara Small, a technology journalist based in Canada, and Zyma Islam, a reporter with the Daily Star newspaper in Bangladesh. (Evergrande Group logo. Photo credit: Getty Images)

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