News Analysis
As Chinese real estate behemoth Evergrande, saddled with $300 billion in liabilities, dances ever closer to default, questions about the health of the broader domestic property market have taken on greater urgency.
Property and Economic Slowdown
Recent data have confirmed that Evergrande’s debt crisis has sent jitters through China’s property market. Home sales
plummeted about 17 percent for the year to September, following last month’s 19.7 percent fall, according to recent data by China’s National Bureau of Statistics.