New York, Aug 19 (IANS) Property developer Evergrande’s US bankruptcy serves as a cautionary tale about the growth-at-all-costs model that underpinned China’s spectacular growth over the past 30 years, the media reported.For decades, Evergrande, once one of China’s most successful real estate developers, gobbled up debt as China’s economy exploded.…Read More
Evergrandes bankruptcy may be the beginning of Chinas real estate crisis
