China’s two-decades long real estate boom, which has been a massive driver of wealth, is showing signs of burning out. Photo: AFP
China’s two-decades long real estate boom, which has been a massive driver of wealth, is showing signs of burning out. Photo: AFP
Zhou Xin
Opinion

Opinion

Zhou Xin

China’s housing bubble fuelled its spectacular growth, but is the country ready for a day of reckoning?

  • China’s two-decades long real estate boom, which has been a massive driver of wealth, is showing signs of burning out
  • But bond defaults by developers are just the start – local governments and banks are likely to be caught in the fallout

China’s two-decades long real estate boom, which has been a massive driver of wealth, is showing signs of burning out. Photo: AFP
China’s two-decades long real estate boom, which has been a massive driver of wealth, is showing signs of burning out. Photo: AFP
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