Are we seeing a real estate bubble blowing up in China? How will the Communist Party handle it? Will this be the end of the self anointed usurper, imperialist, and hegemon, the communist dictator for life Xi Jinping?
- China's Evergrande crisis is spreading to the rest of the property sector, with numerous companies defaulting.
- Fantasia, Sinic, and China Properties Group are among the other developers to have failed to meet payments.
- Economists worry that contagion in the property sector could knock out a key engine of Chinese growth.
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