China’s economy was long dependent on a booming real estate sector, which has recently fallen on harder times.
Category: China Evergrande Group
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China Faces a Crisis in Its Real Estate Sector
Beijing wanted to cool its housing market, but created a bigger problem, as the fallout from debt-laden developers and sinking sales spreads to the broader economy.
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China Evergrande, Giant Developer, Files for Bankruptcy
The filing comes two years after the company defaulted on its debt, setting off defaults by smaller Chinese developers.
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Country Garden’s Stock Plunges After Report of Huge Losses
Financial troubles at Country Garden, the last real estate giant to avoid default, sparked panic in the markets and angry comments online.
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Country Garden Is Latest Property Giant in China to Run Into Trouble
Country Garden, China’s last big property developer to avoid default, has spooked investors after missing key debt payments, rekindling memories of China Evergrande.