Home groan: China’s housing-sector crisis
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Once again, fears are ripping through the industry—this time starting from a firm once thought too big to fail. In an economy so dependent on housebuilding, that will have <a href="https://www.economist.com/finance-and-economics/2023/08/16/how-bad-could-chinas-property-crisis- ...
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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 ...