Tuesday, April 16, 2024
HomeWorld NewsEvergrande: Anxious Chinese home buyers reel from crisis

Evergrande: Anxious Chinese home buyers reel from crisis

China’s real estate market accounts for a third of its economy, raising concerns about the impact on related industries from building materials such as steel and cement to household appliances. However, it is another crisis for Beijing, which is also facing slowing economic growth, declining exports and youth unemployment rising to more than 20%.

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