First published: The Guardian, 15/10/2021
n China today, the buzz is all about how the government there too has stumbled into an energy crisis with widespread power cuts. Yet this and other supply shocks will eventually pass, while the $300bn (£218bn) of debt enveloping China’s second biggest property developer, Evergrande, is of greater significance. It suggests China’s long housing boom is over, and bodes badly for the increasingly troubled economy, with implications for the rest of the world too. Read on….https://www.theguardian.com/world/2021/oct/15/chinas-booming-real-estate-market-could-spell-trouble-for-the-economy
