China’s Property Market Crisis
Aug 30, 2023•19 min•Transcript available on Metacast Episode description
Another Chinese real estate developer could be on the brink of collapse. Country Garden, the nation’s largest property developer, announced it lost $6.7 billion in the first six months of the year. WSJ’s Rebecca Feng explains how China’s real estate market — a key part of the country’s economy — ended up on such shaky ground.
Further Reading:
-Country Garden, China’s Largest Surviving Developer, Sinks Into Debt Crisis
-China’s Deepening Housing Problems Spook Investors
Further Listening:
-China's Evergrande Crisis
-Why Millions of Chinese Young People Are Unemployed
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