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A property crisis in China is deepening as the number of debt-ridden developers grows after Beijing capped their loans.
Real estate giant Evergrande is struggling to pay back $300bn in loans.
And the company is now fighting the demolition of dozens of apartment blocks.
Al Jazeera’s Katrina Yu reports from Danzhou in Hainan province, China.
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#China #Evergrande #EvergrandeCrisis
Real estate giant Evergrande is struggling to pay back $300bn in loans.
And the company is now fighting the demolition of dozens of apartment blocks.
Al Jazeera’s Katrina Yu reports from Danzhou in Hainan province, China.
- Follow us on Twitter: https://twitter.com/AJEnglish/
- Find us on Facebook: https://www.facebook.com/aljazeera/
- Check our website: https://www.aljazeera.com/
#China #Evergrande #EvergrandeCrisis
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- World
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- China property crisis, Chinese economy, Danzhou
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