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Unfinished Buildings in China Put Trillions of Chinese Bank Loans at Risk

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Unfinished Buildings in China Put Trillions of Chinese Bank Loans at Risk
A general view shows Evergrande residential buildings under construction in Guangzhou, in Chinas southern Guangdong province on July 18, 2022. Jade Gao / AFP via Getty Images
Kathleen Li
Updated:
0:00
Amid the real estate debt crisis, China Evergrande Group and two other Chinese property giants have fallen from the 2022 Fortune Global 500, reducing the number of Chinese property developers to five from eight last year.

Fewer Chinese developers in the Global 500 reflect the collapsing Chinese real estate market as domestic demand and home prices tumble. The two other property giants that fell from the Fortune Global 500 list are Sunac China Holdings and China Resources Land.

Kathleen Li
Kathleen Li
Author
Kathleen Li has contributed to The Epoch Times since 2009 and focuses on China-related topics. She is an engineer, chartered in civil and structural engineering in Australia.
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