China’s Real Estate Crisis Could Lead to Economic Implosion

China’s Real Estate Crisis Could Lead to Economic Implosion
Unfinished apartment buildings at the Phoenix City residential project, developed by Country Garden Holdings Co., in Shanghai, China, on Jan. 17, 2022. Qilai Shen/Bloomberg via Getty Images
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Commentary

China’s real estate woes and recent regulatory crackdowns on the financial sector indicate the country is facing an economic crisis.