Will the debt destroy China's housing market? The market cools down and the engine is almost dead

The following videos are for your reference:
1. https://www.youtube.com/watch?v=JNPomj80Pa0&t=250s
How serious is China's housing bubble? The main cause is government's overpriced land sales
2. https://www.youtube.com/watch?v=NXbEfbjhLTE&t=117s
Citigroup, Credit Suisse stop accepting Chinese dollar bonds/How China's Real Estate Beast is formed
3. https://www.youtube.com/watch?v=r7QhYhjJ7IE&t=133s
Evergande's Tactic Move? Unpaid Crowds march and blockade Evergrande offices across China
4. https://www.youtube.com/watch?v=iR8oqwrZPMU&t=374s
China's Land is No Longer Gold, government Land Selling encounter Chill/Is Housing Crash Coming?

What can destroy the Chinese real estate market is debt, without a doubt. The most widely known case is China's second-largest housing company Evergrande Group. It has debts of more than $300 billion US dollars.
Among the 5 trillion debt, bank loans account for the highest proportion at 46%, while bonds account for about 10%, including $217 billion worth of bonds in US dollars.
There is a growing number of uncompleted construction projects in China. The way they get demolished and crumble is like an omen. Will China's real estate market collapse like these unfinished developments?

Email: Cinsights.subscription@gmail.com
Facebook www.facebook.com/EyesOnChina.

Copyright @ China Insights 2021. Any illegal reproduction of this content in any form will result in immediate action against the person(s) concerned. Your support allows us to produce more high-quality videos.
Consider donating at https://www.paypal.com/paypalme/ChinaInsights

Видео Will the debt destroy China's housing market? The market cools down and the engine is almost dead канала China Insights