Skip to main content
See every side of every news story
Get Started
SubscribeLogin
Published • loading... • Updated

Evergrande’s $50 billion rise and fall leaves scars on China's property sector

China Evergrande's $300 billion debt default triggered a prolonged property crisis, with 1.2 million homes delivered but many projects unfinished, prolonging market instability.

Summary by CNBC
"The state-owned developers will end up running the entire industry," Brian McCarthy, managing principal at Macrolens, told CNBC.

3 Articles

The IndependentThe Independent
Reposted by
The Independent (US)The Independent (US)
Lean Left

How the fall of Evergrande spells doom for China’s property market

The real estate giant became the poster-child for the problems facing Chinese developers after it collapsed under the weight of massive debts in 2021

·London, United Kingdom
Read Full Article
CNBCCNBC
Center

Evergrande’s $50 billion rise and fall leaves scars on China's property sector

"The state-owned developers will end up running the entire industry," Brian McCarthy, managing principal at Macrolens, told CNBC.

·United States
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 67% of the sources lean Left
67% Left

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

CNBC broke the news in United States on Monday, August 25, 2025.
Sources are mostly out of (0)

Similar News Topics

Evergrande icon

Evergrande

International icon

International

China icon

China

News
For You
SearchBlindspotLocal