Evergrande - China's largest real estate developer in trouble

Azor Ahai

Village Sponsor
#4
The Chinese government wanted to stimulate the economy by providing employment. Construction was the go-to via both money and policies. Developers kept on building into oblivion. Now China has enough property inventory to last the next generation. Their population isn't growing and the houses outstrip all available demand. There are more houses than the people need and the prices are prohibitive to most locals.
 

Salarey

Senior Villager
#5
The Chinese government wanted to stimulate the economy by providing employment. Construction was the go-to via both money and policies. Developers kept on building into oblivion. Now China has enough property inventory to last the next generation. Their population isn't growing and the houses outstrip all available demand. There are more houses than the people need and the prices are prohibitive to most locals.

How is this possible with a population of more than a billion
 

Netgranny

Village Elder
#6

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