The stakes are too high to let Evergrande fail. Here ’s why (2021)

The property sector accounts for nearly 30% of China’s GDP, with the vast majority of household wealth estimated to be tied up in property. But as Beijing tightens its grip, fears grow of a crisis in China’s real estate sector that ripples into the broader economy. CNN’s Selina Wang reports.#beijing #selinawang

Source: Reuters: Health - September 19, 2023 Category: Consumer Health News Source Type: news