Is Evergrande the New Lehman Brothers?

Adam Tooze at his podcast Ones and Tooze over at Foreign Policy:

How did the Chinese real estate giant Evergrande become so laden with debt?

That question looms large these days, not only in China but also in other countries where markets have been affected by fears of Evergrande’s potential bankruptcy—including the United States.

On this week’s episode of Ones and Tooze, Cameron Abadi and Adam Tooze trace the history of Evergrande’s $300 billion debt problem and discuss the possible outcomes.

Tooze also explains why most wealthy countries around the world have bullet trains while the United States has… Amtrak.

Ones and Tooze is Foreign Policy’s weekly economics show. On each episode, Abadi and Tooze examine two data points that explain the world.

More here.