August 30, 2023

China’s Property Market Crisis

by The Journal

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 

Where to Listen