China's Property Troubles
René Ammann
28. August 2023
One sign of a worsening crisis: Chinese property developer Evergrande, which defaulted on $300 billion of debt in 2021, filed for bankruptcy protection last week. (Photo: Windmemories/Wikimedia Commons/CC BY-SA 4.0)
Minimum number of Chinese developers that defaulted or failed to make debt payments in the last three years, according to the credit ratings agency Standard & Poor’s: 50