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China's housing bubble has burst, leaving millions of empty apartments and worried investors. Dive deep into the crisis, its impact, and the government's struggle to revive a once-booming market.
The real estate market's transparency issues and the surge in household debt raise concerns about social welfare and financial stability. Addressing these challenges requires comprehensive solutions like stricter mortgage regulations and mandatory disclosure norms to promote market stability within China and across Asia.
Read the rationale behind the winners of the best Asia deals for the FinanceAsia Achievement Awards 2023.
The challenges facing China's economy include declining property investment, accumulating debt risk, and weak consumption growth, posing downside risks to future growth.
Embattled Chinese property developer Evergrade has won an extension until late January to restructure its substantial debts to avert liquidation amidst...