Tag Archives: chinese economy

Nicholas Chan

Evergrande and China’s controlled rosy picture hanging by a thread

By Nicholas Chan | Thu 18th November 2021 - 2:54 pm

China’s economy is heavily skewed towards property development and the policy derives from party factional wars to control wealth, power and influence. Evergrande is part of this vicious cycle. This resulted in property value accounting for 71.35% of household wealth (Li & Fan, 2020). Similarly, this out of proportion asset balance is reflected in the Chinese political system disproportionate logic of a balance of power. It is important to understand the complication of this economic model so one is not fooled by the rosy pictures when China’s economy is portrayed.

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