Evergrande: China's Ticking Bomb Explained By Economist Milton Ezrati

Evergrande is causing so much trouble for the Chinese government. It’s the second-largest real estate developer in China. Its large insert into the economy could also affect US investors. Will that cause a global ripple through the interconnected financial system? This also depends on the Chinese Communist regime. They must decide if they want to bear the heavyweight of 300 billion dollars of debt. Or leave Evergrande to fail. But what about social stability from the aftermath of Evergrande’s large debt dropping?

The real estate giant in China may cause a domino effect, bringing the entire housing market in China down with them. Will Beijing let that happen? Today I speak with economist and author Milton Ezrati to find out some industry experience that can help us understand the Evergrand, or should I say ever-larger debt monster in trouble. And how control and stability play the central role in the decision-making process.