China’s real estate market: Evergrande’s crisis and beyond
The real estate market represents a huge pillar of the Chinese economy, generating a revenue of almost 116 billion RMB (15.8 billion USD) in 2022, accounting for 9.7% of the national GDP. However, since mid-August 2023, there have been serious problems related to the crisis of Evergrande (中国恒大集团), one of the biggest players in the housing […]