18, Nov 2023
Chinas Property Market Set To Rebound In 2023; Sales, Investment To Pick Up

As Evergrande borrowed from Chinese banks and overseas investors to gasoline a fast growth, it became a behemoth with thousands of subsidiaries. It moved into companies like bottled water, pig farming, electrical automobiles and even professional soccer. The I.M.F.’s chief economist, Pierre-Olivier Gourinchas, middle, said problems in China’s real estate…