Beyond Evergrande, China’s Property Market Faces a $5 Trillion Reckoning

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Beyond Evergrande, China’s Property Market Faces a $5 Trillion Reckoning
France Dernières Nouvelles,France Actualités
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Chinese housing developers ran up trillions in debt. Now the ground is shifting under them.

Developers have run up huge debts. Now home sales are down, Beijing is imposing borrowing curbs and buyers are balking at high prices.

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