Inside a Chinese Ghost Town of Abandoned Mansions | WSJ
February 19, 2024
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5:14Now PlayingInside a Chinese Ghost Town of Abandoned Mansions | WSJ
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as posted by the channelChina’s property crisis is expected to get worse as sales of new homes plummet and indebted developers struggle to find funds to complete projects. Real estate giant Evergrande was recently forced to liquidate as more than 50 housing developers have defaulted on their debts in recent years.
WSJ’s Jonathan Cheng travels to an abandoned “ghost town” in Shenyang City built by the Greenland Group to explain how China’s real-estate slump has become a headache for the government.
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