China actual property recovering from debt crackdown

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The entrance to the Evergrande Shanghefu residential complex under construction in Beijing, China

The entrance to the Evergrande Shanghefu residential complex under construction in Beijing, China, Jan. 4, 2022. China’s vast real estate industry is recovering after a wave of defaults by developers rattled global financial markets. (AP Photo: Ng Han Guan)

March 7, 2023
4:00 pm

China’s vast real estate industry is recovering from a slump triggered by tighter debt controls, a deputy central bank governor said last Friday.


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