Hard Asset Money Show -- China Real Estate Market

December 03, 2021

One of the largest real estate companies, Evergrande, is in an enormous pile of debt, owing $325 billion dollars. In the third quarter of the ongoing financial year, official Chinese data revealed that GDP growth stood at 4.9 percent, down from 7.9 percent in the previous quarter, while Goldmans cut its entire 2022 GDP forecast from an already low 5.8% to just 5.4%.