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

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


Construction sites and new development in Xining, China.
Qilai Shen/Bloomberg News

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


Construction sites and new development in Xining, China.
Qilai Shen/Bloomberg News

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