China Uncensored
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China’s Bracing for Another Collapse
Posted
September 6, 2023
Views
307,384
Likes
18,346
Comments
1,108
Engagement
6.33%
September 6, 2023
307,384
18,346
1,108
6.33%
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9:47Now PlayingChina's economy is in free fall and its real estate sector, which accounts for about 30% of its GDP is going under. In 2021, Evergrande, one of China's largest real estate developers, defaulted on its debt. Now Country Garden, which is the largest property developer by number of projects, is at risk of defaulting as well. In this episode of China Uncensored, we talk about what this means for China's economy, how bad Country Garden's debt is, and what the government is doing about it.
China’s Debt BLACK HOLE
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