China’s Property Sector Has Bigger Problems Than Evergrande
In an article for Foreign Policy, Rhodium Group Director Logan Wright writes about China's property sector
Last week’s market panic over China’s property market and its largest and most indebted developer, Evergrande, was a case in point. Informed China observers have been concerned about the imbalances in China’s property market, often described as one of the largest financial bubbles in history, for over a decade. But it was just last week that markets suddenly and collectively decided that China’s property sector now posed a meaningful risk to the global recovery—and to China’s long-term growth prospects.