Evergrande liquidation: What's behind China's biggest corporate fail ever | DW News

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One of China's largest real estate developers has been ordered to liquidate by a court in Hong Kong. Evergrande is the world's most indebted developer, with more than 270 billion euros worth of liabilities. The order came after efforts to strike a deal with creditors failed. But the liquidation process could be complicated. Numerous authorities are involved and there are political considerations. Liquidation could have a major effect on China's economy and global markets. 00:00 Intro and report 02:19 DW's Phoebe Kong reports from Hong Kong 06:58 DW's Lars Halter reports from the studio Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1 For more news go to: http://www.dw.com/en/ Follow DW on social media: ►Facebook: https://www.facebook.com/deutschewellenews/ ►Twitter: https://twitter.com/dwnews ►Instagram: https://www.instagram.com/dwnews ►Twitch: https://www.twitch.tv/dwnews_hangout Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch #China #Evergrande #Debt