Norobiik @It's a disaster decades in the making - we're just witnessing the tail end of it.
CNBC's video excellently summarizes the debacle in just 8+ minutes.
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#China's top #RealEstate developers, #Evergrande and #CountryGarden, have defaulted on their debts. But the issues in China's #PropertyMarket have much deeper roots. #PropertyMarketCrisis
How China's property bubble burst | Watch
https://www.cnbc.com/video/2024/02/29/how-chinas-property-bubble-burst.html