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Tag: China real estate

7 Ways China Is Destroying Its Own Economy
News analysis In 2021, China’s economy finds itself in chaos. According to its National Bureau of Statistics, China’s GDP grew by 18.3 percent in the first quarter, 7.9 percent in the second quarter, and fell...
Evergrande Fails to Pay $83.5-Million Interest Payment
Chinese real estate giant, Evergrande, has failed to pay off its interest payments due on Sept. 23, deepening worries that the business is going to collapse and threaten China’s financial system.  The firm was due...