A week ago global sharemarkets took a tumble on fears that an imminent collapse of Chinese property giant Evergrande could spark a global financial crisis in the same way as the collapse of US investment bank Lehman Brothers did in 2008.

The Evergrande story is woven into a broader story in China about a massive boom in property prices and construction since the 1990s and recent attempts by the Chinese authorities to reign things in.

Today on Please Explain, North Asia correspondent Eryk Bagshaw joins Jess Irvine to discuss what exactly is Evergrande, how likely is it to collapse, and what would it mean for Australia if it did?

A week ago global sharemarkets took a tumble on fears that an imminent collapse of Chinese property giant Evergrande could spark a global financial crisis in the same way as the collapse of US investment bank Lehman Brothers did in 2008.
The Evergrande story is woven into a broader story in China about a massive boom in property prices and construction since the 1990s and recent attempts by the Chinese authorities to reign things in.
Today on&nbsp;Please Explain, North Asia correspondent Eryk Bagshaw joins Jess Irvine to discuss what exactly is Evergrande, how likely is it to collapse, and what would it mean for Australia if it did?

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

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