top of page

Implosion Of Real Estate Giant Evergrande Sparks Fear Of Financial Contagion

InduQin

The share price of Evergrande, an embattled Chinese property developer, plummeted by as much as 17% today in Hong Kong trade as investors weigh up whether the group’s massive debt crisis could trigger a ripple effect across China’s real estate sector and financial system.

Evergrande, China's second-largest real estate company with $110 billion in sales last year, is by some estimates the most indebted property group in the world.

Read More at https://swarajyamag.com/analysis/with-three-fourth-of-household-wealth-in-china-locked-up-in-housing-implosion-of-real-estate-giant-evergrande-sparks-fear-of-financial-contagion

3 views0 comments

Comments


bottom of page