A Peek into China’s Property Crisis: How It Happened and What It Suggests About China’s Domestic Economy & Xi’s Legitimacy

The arrest of Evergrnade’s chairman, Xu Jiayin, sheds light on the complexities behind China’s domestic property market collapse. The intertwined history of China’s rapid economic growth, its unique property laws, and pandemic-induced challenges led to a high-risk bubble that not only damages the domestic economy but also questions the legitimacy of Xi Jinping and the Chinese Communist Party.

AsiaBy Selina HApril 8, 2024property crisis, china, real estate crisis, china economy, xi jinping