China’s housing crisis deepens as Evergrande shares trip – BBC Data

China’s housing crisis deepens as Evergrande shares trip – BBC Data

Shares in the Chinese property firm Evergrande absorb fallen as concerns in the nation’s struggling housing market deepen – affecting the broader economic system.

Its mainland unit Hengda Accurate Estate has defaulted on 4bn yuan (£449m; $547m) of debt, it published on Monday.

The BBC’s Analysis Editor Ros Atkins examines the background to the most fresh crisis.

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