After borrowing heavily to fund breakneck growth, they are suffering financial meltdowns as credit grows scarce and home sales decline
Evergrande, China’s most indebted property developer, has kept global markets on edge and sparked protests at home as it struggles to survive. WSJ explains why the company’s crisis is raising questions about the state of the world’s second-largest economy. Photo: Alex Plavevski/Shutterstock
My home town in China just with 35000 population. They build so many high buildings can load 100,000 families. And they are still building more now.
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