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Podcast: Global Dispatches -- World News That Matters
Episode: Will China's Evergrande Crisis Spark a Global Economic Contagion?
Description: The massive Chinese real estate company Evergrande is unable to pay its debts. This has sparked some rare protests in China and is spooking international financial markets. A key question now is whether or not the government of China will let Evergrande collapse -- and whether or not the collapse of this real estate giant will have knock on effects throughout the region and the world? Richard Vague is Secretary of Banking and Securities for Pennsylvania and an author who has written extensively about global financial crises. He explains how debt has fueled economic growth in China...