China’s Property Market Crisis
Another Chinese real estate developer could be on the brink of collapse. Country Garden, the nation’s largest property developer, announced it lost $6.7 billion in the first six months of the year. WSJ’s Rebecca Feng explains how China’s real estate market — a key part of the country’s economy — ended up on such shaky ground.
Further Reading:
-Country Garden, China’s Largest Surviving Developer, Sinks Into Debt Crisis
-China’s Deepening Housing Problems Spook Investors
Further Listening:
-China's Evergrande Crisis
-Why Millions of Chinese Young People Are Unemployed
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