China’s Real Estate Woes: Collapse or Temporary Setback?

China’s Real Estate Woes: Collapse or Temporary Setback?
A vendor cycles through the Evergrande changqing community in the rain on Sept. 24, 2021 in Wuhan, Hubei Province, China. Getty Images
Lorenzo Puertas
Lorenzo Puertas
Freelance Reporter
|Updated:
News Analysis

As China’s real estate crisis spreads, home sales fell sharply in October, and prices fell for the first time in six years. Many of China’s biggest developers are unable to make debt payments, leaving projects unfinished and creating a liquidity crisis throughout the sector.

Lorenzo Puertas
Lorenzo Puertas
Freelance Reporter
Lorenzo Puertas is a freelance writer in San Francisco covering China and U.S. topics for The Epoch Times. He loves liberty and personal responsibility.
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