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Letzte Aktualisierung: September 10, 2021

Closeout at Evergrande – bankruptcy feared

Evergrande's default is emblematic of the systemic problems Chinese real estate groups are facing. For many years, the real estate boom fueled both the country's credit and construction industries. But now the group's shares are falling to their lowest level in six years. Fears of a domino effect are running high.

Ning Wang
Ning Wang
Being the owner of your home is something natural for the Chinese population. For many city dwellers, this has paid off as a good investment. For example, an 80-square-meter apartment near Beijing's Fifth Ring costs more than 4.5 million yuan – more than 56,000 (the equivalent of 7,335 euros) per square meter.
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