Evergrande: the finish of China’s property reveal | FT Movie

The mercurial expansion of China’s property sector changed into once powered by a large migration from the farms to the cities – and built on cheap credit. The FT tells the fable of Evergrande, essentially the most indebted property developer on this planet, which now stands on the level of collapse. Or now not it is a fable that adjustments the outlook for China’s discipline because the locomotive of world economic increase. Nonetheless is that this China’s Lehman Brothers second? Read more at j

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