The Fall of a Giant: How Evergrande’s Liquidation is Impacting China’s Economy

China has experienced a spell of economic growth that is unique to global history, beginning in the late 1970s and continuing into the present day. For the past two decades, China’s real estate sector has cemented itself as a reliable driver of economic growth, but that saga has concluded with the fall of the Evergrande Group. Evergrande serves as an apt vessel to explore the collapse of a once dominant property sector, with this article seeking to analyze the causes of the group's fall as well as explain the greater impacts felt by China’s domestic economy.

AsiaBy Benjamin O'BrienApril 12, 2024economy, real estate crisis, china, debt, evergrande