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September 28, 2023 | China’s Housing Bust Spreads

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

Shares in the Chinese property firm Evergrande have fallen as problems in the country’s struggling housing market deepen – affecting the wider economy. Its mainland unit Hengda Real Estate has defaulted on 4bn yuan (£449m; $547m) of debt, it revealed on Monday. The BBC’s Analysis Editor Ros Atkins examines the background to the current crisis. Here is a direct video link.

Canada has been connected to China’s economy via capital flows as well as our commodity exports. As housing bubbles deflate globally, Canada is extra-vulnerable.

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September 28th, 2023

Posted In: Juggling Dynamite

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