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Chinese real estate

04 November 2021

Can you please elaborate the problem with Evergrande of China & it's implications on Indian economy?

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Rama chary Rachakonda (Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294) (7580 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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