China’s second largest real estate developer Evergrande has been officially declared in default by credit agencies. The ramifications of this will be felt by homebuyers and millions who rely on the sector for employment. Al Jazeera’s @Katrina Yu reports from Suzhou, China. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #AlJazeeraEnglish #China #Evergrande
The COVID-19 pandemic has caused logistical headaches for global shippers thanks to raised transport costs, quarantine measures and extra paperwork. China’s zero-tolerance approach to the coronavirus has not helped: in May it closed one of its busiest ports because of a COVID-19 outbreak. That has affected the supply of Chinese products to the United States, dampening the Thanksgiving Day holiday sales, when shoppers are traditionally on the hunt for bargains. Al Jazeera’s @Katrina Yu reports from Beijing, China. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #AlJazeeraEnglish #China #SupplyChain
