China’s economic outlook after Evergrande | LIVE STREAM

The acute financial difficulties at Evergrande Group, the world’s most indebted property developer, have drawn attention to China’s long-term overreliance on the property sector and credit expansion to fuel economic growth. This has happened at a time when a government crackdown on the high-tech sector and an energy crisis have also contributed to a marked slowing in the Chinese economy.

This event will consider how China might rebalance its economy, the likelihood of such reforms occurring, and the implications of President Xi Jinping’s “common prosperity” program for economic growth. It will also consider the implications of a slowing Chinese economy for the global economy.

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[Assontwohorses]

In some cases, the developers actually guarantee the bank loans of the end purchasers. Consumer credit problems could impact stronger developers like Country Garden who have billions of USD guarantees of consumer / Investor mtgs. It seems like a sustained 30% decline in sales will test the solvency of most developers based on the business model's reliance on future revenue to fund existing project completion.