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What Evergrande’s Troubles Reveal About China’s Real Estate Industry and Economy

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What Evergrande’s Troubles Reveal About China’s Real Estate Industry and Economy
A woman cries as she and other people gather at the Evergrande headquarters in Shenzhen, southeastern China on Sept. 16, 2021, as the Chinese property giant said it is facing "unprecedented difficulties" but denied rumors that it is about to go under. Noel Celis/AFP via Getty Images
Cheng Xiaonong
Updated:
Commentary

The news of the financial crisis of real estate giant Evergrande Group is a shock to China’s consumers. Its shares took a serial decline in the Hong Kong stock market. Consequently, it drew the attention of Wall Street investors. How long can Evergrande last?

Cheng Xiaonong
Cheng Xiaonong
Contributor
Dr. Cheng Xiaonong is a scholar of China’s politics and economy based in New Jersey. Cheng was a policy researcher and aide to the former Party leader Zhao Ziyang, when Zhao was premier. He also served as chief editor of the journal Modern China Studies.
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