Chinese Developers Glum as Evergrande Crisis Could Burst Housing Bubble

Chinese Developers Glum as Evergrande Crisis Could Burst Housing Bubble
Men ride bicycles past construction sites near the headquarters of China's Evergrande Group in Shenzhen, Guangdong Province, China on Sept. 26, 2021. Aly Song/Reuters
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Troubles in China’s property sector are beginning to surface after more developers joined Evergrande’s debacle and are also struggling to pay their debts.

“If Evergrande goes down like this, then I believe this is the domino,” said a Taiwan-based financial expert, as the housing bubble is pushing the property giant to the brink of collapse.

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