Economics
How China and Evergrande Are Trying to Avoid Disaster
More than a decade after the U.S. subprime crisis sparked the Great Recession, the real estate sector triggers a new calamity.
This article is for subscribers only.
Subscribe to Stephanomics on Apple Podcasts
Subscribe to Stephanomics on Spotify
More than a decade after the U.S. subprime crisis sparked the Great Recession, the threat of default at giant property developer Evergrande is raising the prospect that ghost towns of unoccupied homes could trigger a China property slump.