George Magnus

China’s property sector is on the brink of disaster – again

(Photo: Getty)

Once, not that long ago, few people outside China had heard of the property developer Evergrande. Now it is synonymous with failure, debt and loss – and seen as the tipping point in China’s real estate market three years ago. Now meet Country Garden, another large property developer, hailed even a year ago as a model ‘corporate citizen’.

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Written by
George Magnus

George Magnus is a research associate at Oxford University's China Centre and at SOAS and author of Red Flags: Why Xi's China is in Jeopardy

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