It’s not just Evergrande. China’s entire real estate sector has been debt-fueled for many years. There’s no soft-landing with a bubble this big. September 23, 2021 4:04 pm by IWB by FutureisAsian Among the top 15 most indebted developers in the world, 14 are in China. Real estate accounts for 28% of China’s GDP and faces irreversible decline in growth due to debt crisis as well as demographics
