China’s Property Market Crisis
Podcast: The Journal.Published On: Wed Aug 30 2023
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 Learn more about your ad choices. Visit megaphone.fm/adchoices
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