Evergrande and China's property woes

Evergrande and China's property woes

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A Threat to China’s Economy
The Daily

Every once in a while a company grows so big and messy that governments fear what would happen to the broader economy if it were to fail. In China, Evergrande, a sprawling real estate developer, is that company.

Evergrande has the distinction of being the world’s most de ...

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Here's Why China Can’t Sort Out Its Property Market Mess
Here's Why

China’s property market has been in a downward spiral for five years, with little sign of the crisis abating. Even after the collapse of real estate giant Evergrande, values are continuing to plummet. Households in financial distress are being forced to sell properties, and apart ...  Show more

Property giant Evergrande to be liquidated
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From the BBC World Service: Evergrande was once China’s biggest property developer. Now, a judge in Hong Kong has ordered the liquidation of the debt-laden real estate giant, but Evergrande says it’ll continue on China’s mainland. And French farmers take their fight over red tape ...  Show more

How did 6 million people in China buy homes that don’t exist?
What in the World

China is in the middle of a housing market crisis. Two of its top property developers, Evergrande and Country Garden, are struggling to pay back debt or fulfil their promises to build properties they have already sold to millions of people.Fan Wang, a BBC reporter in Singapore, t ...  Show more