Why China’s Economy Is Threatened by a Property Giant’s Debt Problems
Alexandra Stevenson and Cao Li, The New York Times – 21 October 2021
How could a property giant’s failure affect China’s economy? According to this article on The New York Times, “Panic from investors and home buyers could spill over into the property market and hit prices, affecting household wealth and confidence. It could also shake global financial markets and make it harder for other Chinese companies to continue to finance their businesses with foreign investment”.
Read the full article here.