China’s Property Market Crisis

Another Chinese real estate developer could be on the brink of collapse. Country Garden, the nation’s largest property developer, announced it lost $6.7 billion in the first six months of the year. WSJ’s Rebecca Feng explains how China’s real estate market — a key part of the country’s economy — ended up on such shaky ground. Further Reading: -Country Garden, China’s Largest Surviving Developer, Sinks Into Debt Crisis  -China’s Deepening Housing Problems Spook Investors  Further Listening: -China's Evergrande Crisis  -Why Millions of Chinese Young People Are Unemployed  Learn more about your ad choices. Visit megaphone.fm/adchoices