Real Estate

China property market may see more pain, though Evergrande crisis may ease

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People look at models of houses at the 2021 Dalian autumn real estate fair at Dalian World Expo Center on October 15, 2021 in Dalian, Liaoning Province of China.

Liu Debin | Visual China Group | Getty Images

BEIJING — Worries about Chinese real estate developers’ high debt levels have rattled investors despite signs that property giant China Evergrande may be making progress on resolving its debt problems.

It’s an indication of further pain to come in China’s property market, analysts told CNBC.

Since late summer, global investors have watched for Evergrande’s ability to stave off official default — and are concerned about whether the fallout might spread to the rest of China’s real…



Source cnbc.com

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