Bloomberg Originals
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Inside China’s Property Crisis
Posted
September 15, 2023
Views
837,841
Likes
8,489
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777
Engagement
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September 15, 2023
837,841
8,489
777
1.11%
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8:54Now PlayingChina’s property market is in crisis. Home prices are falling, developers are defaulting and people are angry. The worry is that a total collapse will bring down an already faltering economy. Bloomberg Originals explores how the real estate sector became such a mess and what the implications could be for the global economy.
In late September 2023, Hui Ka Yan, the billionaire chairman of beleaguered property developer China Evergrande Group, was placed under police control, according to people with knowledge of the matter. For more on this latest development
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#china #realestate #bloomberg
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