China’s ‘Debt Crisis’ Gets Washington Hearing After Evergrande Bust

Days after Chinese real estate developer (and EV battery manufacturer) Evergrande filed for bankruptcy in New York City, Washington held a hearing on Monday about the impacts the China debt crisis might have on the U.S.

Evergrande has long been a sore spot for China debt watchers. Now that it’s officially admitted it’s broke, China bears can say, “I told you so.”