The Intelligence: China’s ever grander property crisis
The Intelligence from The Economist
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Evergrande's Financial Turmoil
This chapter explores the Evergrande property crisis, detailing how debt restrictions began in 2020 led to the company's default in late 2021 and the ensuing struggles for restructuring. It examines the implications of a liquidation order in Hong Kong and the challenges it poses for both creditors and everyday investors in China. The discussion underscores the adverse effects on public confidence and the future of housing projects amid escalating bad debt in the Chinese property sector.
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