At the time of writing, whispers grow that Evergrande, the Chinese real-estate developer, will default on $82.5 million in interest payments. Al-Jazeera notes how the failure to make the payments on a public bond would “trigger cross-defaults on all the company’s about $19 billion of bonds on the international capital markets” earning Evergrande a place in the history books as China’s largest ever defaulter to date, obviously sending ripple effects across the economy. This article unravels why the Chinese real-estate market poses a stern challenge to local, national and monetary officials.
COVID-19 has hit India hard. In fact, official deaths attributable to the infectious disease is 452,485 – a figure universally recognised as vastly underestimating total number of deaths. For more, read the full article to find out how the deadly second wave, lasting much of April and June 2021 was further complicated by the hard to untangle problems of misinformation and vaccine hesitancy.