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China Evergrande Group (3333.HK)

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  • China: A different type of housing crisis
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    China: A different type of housing crisis

    Over the past 12 months Chinese property developers have defaulted on over US$20 billion in debt, housing sales have fallen 30% year-on-year and construction of new homes has stalled. As the property market collapses, and borrowers fall into negative equity, more and more Chinese borrowers are refusing to pay their mortgages.

    28th Sep, 2022

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