BBCNEWS World Business Report September 17, 2021 04:43:00
Hard place on this. on the one front, if it collapses, this could spell so many troubles for china. for example, what evergrande does, they build about 600,000 homes per year. many are built by ordinary chinese people putting their life savings into buying condos of the plan, eitherfor the first property is that this sort of retail and parental investment. if that collapses, they can lose their down payments. the other aspect is all of the construction companies and designers that rely on evergrande, and the smaller lenders that have learned all this money to evergrande. if it collapses it cou...
Source: archive.org