Thinking About China
Opinion

Evergrande Default Could Rock China’s Entire Economy

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Evergrande Default Could Rock China’s Entire Economy
Evergrande headquarters in Shenzhen, China, on Sept. 14, 2021. Noel Celis/AFP via Getty Images
Antonio Graceffo
|Updated:
News Analysis
China’s public debt already stands at 270 percent of GDP, and non-performing loans have hit $466.9 billion. In addition to existing economic challenges, real estate giant Evergrande Group has signaled that it may default on payments owed to creditors.
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Antonio Graceffo
Antonio Graceffo
Author
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
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