Tag Archives: real estate

Evergrande’s debt crisis is a convenient reminder to the world of the various frailties that still run through the Chinese economy.As the property company stumbles, the crucial question is whether those frailties will drag down the world’s second-largest economy. Risks have increased, not just of a slowdown but of permanently …

Debt and crisis are the two key word while understanding why Evergrande Group, once China’s second-largest real estate developer, is approaching a collapse that could be catastrophic.Debts are mainly due to deposits from about 1.5 million people against new houses that have not been built yet, this is why Evergrande …