When China introduced new debt limits on real estate developers in 2020, China’s over-indebted real estate developers were unable to refinance resulting in defaults. This triggered a decline and loss of confidence in the real estate sector.
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https://youtube.com/shorts/R5nSU-nMoA8?si=CyoRiYL6plPr7G8j
#china #realestate #evergrande #economy https://video.nostr.build/df51e3b8fe4f9b0959264c4fdad4a4a38e94a93ad3a9996835eb17c17bf07820.mp4