The crisis brewing in China is likely to affect everyone
The unravelling of its real estate sector after decades of debt fuelled growth may have major knock-on effects
One of the most worrying economic stories in the world right now is unfolding in China’s real estate sector. To put it in perspective, real estate drives nearly one-third of China’s economic activity, and housing accounts for about 70% of household wealth. Nearly 30% of all bank loans are property-related.