The Washington PostThe Washington Post

China’s ‘controlled demolition’ plan for Evergrande marks the end of its housing boom

By Christian Shepherd

29 Sep 2021 · 5 min read

The imminent collapse of Evergrande, the world's most heavily indebted real estate developer, marks the end of China's housing boom and threatens to stall more than a year of rapid economic recovery from coronavirus-induced lockdowns.

The knock-on effects of slower Chinese growth would be felt around the world. But so far, Beijing's approach to Evergrande's travails seems likely to contain the financial fallout to more of an implosion than a wider international explosion.

Sign in to informed

  • Curated articles from premium publishers, ad-free
  • Concise Daily Briefs with quick-read summaries
  • Read, listen, save for later, or enjoy offline
  • Enjoy personalized content