Tag: evergrande-crisis

The crisis in China’s property sector is making people wary of investing.
Home Sales Across Communist China Fell In September
The property market has been a major driver of economic growth in communist China. Chinese citizens used to view the property as the safest investment. As of 2019, real estate accounted for 70 percent of...
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China’s Evergrande Crisis Could Lead to a Massive Domino Effect in Real Estate
Commentary by Cheng Xiaonong An overarching illusion about China's prosperity concerns the "construction boom" brought about by China's real estate bubble. The bubble is expected to burst eventually, but no one would have expected the...