The decline in China's property sector may be slowing, but there is no sign of recovery yet. Evergrande, once the largest developer in China, has left around 20 million unfinished housing units, leading to a loss of faith in the real estate market among Chinese buyers. NPR provides insights into the collapse of Evergrande.
China is going through the equivalent of the 2008 real estate crash and no one is talking about it? - Citizens have ZERO confidence in the economy - Country Garden (China's version of Blackstone) is getting bailed out by government - Goldman Sachs says China is "uninvestable"
Here's what to know about the collapse of China's Evergrande property developer - NPR https://t.co/fs0JrtZ41i
The collapse of Evergrande, once the largest developer in China, has left behind around 20 million unfinished housing units. As a result, Chinese buyers have lost faith in the real estate market. Read more: https://t.co/cMO0NFsEdM https://t.co/dI0x2OSy0G
The collapse of Evergrande, once the largest developer in China, has left behind around 20 million unfinished housing units. As a result, Chinese buyers have lost faith in the real estate market https://t.co/w7LBMIPt98 https://t.co/xuZDGF0JJ0
Decline in China's property sector may be slowing, no recovery yet https://t.co/m8aN70KGU8