China’s housing crisis deepens as Evergrande shares race – BBC Files

China’s housing crisis deepens as Evergrande shares race – BBC Files

Shares in the Chinese language property firm Evergrande own fallen as considerations in the country’s struggling housing market deepen – affecting the broader economic system.

Its mainland unit Hengda Proper Property has defaulted on 4bn yuan (£449m; $547m) of debt, it published on Monday.

The BBC’s Prognosis Editor Ros Atkins examines the background to the most up-to-date crisis.

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