Boom, bust and borrow: Has China¡¯s housing market tanked?

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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¡¦

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