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Global Market: China’s property crisis deepens as Evergrande founder gets life sentence

China’s property crisis deepened despite Evergrande founder Hui Ka Yan receiving a life sentence. Falling home prices, unfinished projects, weak sales and developer debt continue to hurt household wealth and consumption. Beijing is shifting support toward technology sectors, but analysts expect the housing market’s prolonged correction to weigh on economic growth for years.

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Economic TimesLean R·1h ago
Global Market: China’s property crisis deepens as Evergrande founder gets life sentence
China’s property crisis deepened despite Evergrande founder Hui Ka Yan receiving a life sentence. Falling home prices, unfinished projects, weak sales and developer debt continue to hurt household wealth and consumption. Beijing is shifting support toward technology sectors, but analysts expect the housing market’s prolonged correction to weigh on economic growth for years.
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Global Market: China’s property crisis deepens as Evergrande founder gets life sentence

How 1 sources are covering this