China's Property Crisis: A Perfect Storm of Speculation and Collapse The Chinese property market has been on a rollercoaster ride in recent years, marked by unprecedented growth, speculative frenzy, and eventual collapse.
The once blue chip developer Evergrande filed for bankruptcy in September 2021, sparking a global economic shockwave.
To understand the underlying factors driving this crisis, it's essential to examine the market's exponential growth over the past two decades.