China's housing mess pinned on Evergrande

By Agence France-Presse

Sep 29, 2021 12:25 am

BEIJING: A state crackdown on China's colossal property market has helped send one of its biggest developers to the brink of collapse and analysts warn the fallout could lead to the bursting of a bubble that has been building for more than two decades.

China's property market has been a critical part of the economy as Beijing's promise to improve people's living standards translated into new homes that in turn fueled massive construction.

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