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443 views • October 23, 2021

Evergrande: The End of China's Economic Growth?

NTD News
NTD News
Chinese property developer Evergrande is collapsing. But its problems are just the tip of the iceberg. What lies under the water is the now-shaky pillar of the Chinese economy—real estate. What ugly truth is the Evergrande drama revealing about China’s so-called “economic miracle”? Does China have the tools in its arsenal to keep the growth going, or prevent a crisis? And what does an at-risk economy mean for the ruling Chinese Communist Party? In this special report, we look at what Beijing still has left up its sleeve—to convince the Chinese people to ignore widespread issues and human rights abuse, in order to preserve the economy. And examine exactly how far this teetering domino effect could go.
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