For years, China’s largest real estate developer suffered a slump in business this year and is threatening to default. (Image source: moerschy/Pixabay)
The real estate boom in China has been over for years. However, the loans to finance it still have to be repaid by the property developers. After Evergrande, Country Garden is also shaking significantly. Since the spring of 2023, the market value has collapsed by 80 percent. European investors like Deutsche Bank, UBS or Allianz also have to tremble.
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2023-08-17 22:02:46
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