A man walks in front of unfinished residential buildings at the Evergrande Oasis, a housing complex developed by Evergrande Group, in Luoyang, China on Sept. 15, 2021. (Carlos Garcia Rawlins/Reuters) Commentary
Is China’s real estate-based economy on the brink of collapse?
A big part of it just might be, if not all of it.Evergrande, China’s second largest real estate developer and the world’s most indebted property developer , is in danger of defaulting on loan service payments. Much of the debt is held by Chinese banks, driving concerns of a collapse in China’s huge and heavily indebted financial sector.But that’s […]
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