HS2: What happens next? The chaos of the land left behind after the cancellation of the high speed rail project countrylife.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from countrylife.co.uk Daily Mail and Mail on Sunday newspapers.
Since the COVID-19 pandemic, China has been reeling from the worsening real estate crisis, which has spilled over to the nation's banking sector. The crisis began with Chinese real estate developer Evergrande Group filing for bankruptcy in August, triggering a property crisis in the second-largest economy worldwide. What Happened? China's property woes began when Evergrande Group, the world's most indebted property developer, defaulted on its interest obligations of $260 million on dollar-denomi
Local issues, local solutions? - CKGSB Knowledge ckgsb.edu.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ckgsb.edu.cn Daily Mail and Mail on Sunday newspapers.
China’s economy will not crash but property and local government debt challenges are undermining a country whose GDP is still growing at around 5% a year.