evergrande

china, finance

• largest chinese real estate developer
• property values in china have been bubbly for over a decade, hasn’t burst
• chinese gov has attempted to reduce the scale of real estate sector’s impact
• three red lines attempt, where chinese gov attempted to restrict which lenders could extend credit to property developers
• last meaningful correction in real estate was 2014/2015
• relocating people by demolishing their existing homes and giving cash, a form of Dispossession (fall 2021)

Sources:

• https://newsletters.feedbinusercontent.com/43b/43b0bf145c5bfe59a9177ec0e9ab2305cbdfdd19.html