Chinese real estate
Siva kumar (30 Points)
04 November 2021
Can you please elaborate the problem with Evergrande of China & it's implications on Indian economy?
1 Replies
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5897 Points)
Replied 05 November 2021
If Evergrande goes down, it could exacerbate a slowdown in the country's residential property market, which was down by 20% in August from last year. In fact, China is currently sitting on an unsold inventory of 60-65 million residential units.
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