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| Name | Has China’s housing market tanked? |
| Video Uploader | Video From South China Morning Post |
| Upload Date | This Video Uploaded At 09-07-2023 01:02:14 |
| Video Discription | Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube For more on the Evergrande crisis: https://inks.tn/8e5d7a China’s property sector has been a key driver of the country’s economic growth since the 1990s. During the high-growth period, the sector brought in huge revenues and employment that contributed to 30 per cent of China’s GDP. But between 2020 and 2022, China’s housing market suddenly experienced an unprecedented crash; top developers like Evergrande went into default and collapsed, while homebuyers were left in limbo after indebted developers ran out of funds to complete construction. So, how did China’s housing market go from boom to bust? Support us: https://subscribe.scmp.com Follow us on: Website: https://www.scmp.com Facebook: https://facebook.com/scmp Twitter: https://twitter.com/scmpnews Instagram: https://instagram.com/scmpnews Linkedin: https://www.linkedin.com/company/south-china-morning-post/ #scmp #SCMPExplains #Chinaeconomy |
| Category | News & Politics |
| Tags | China economy | China housing market | China housing market crash | China real estate | Evergrande crisis | SCMP | SCMP explains | South China Morning Post | What happened to China's economy? | What happened to Evergrande? |
