The following videos are for your reference:
1. https://www.youtube.com/watch?v=JNPomj80Pa0&t=250s
How serious is China's housing bubble? The main cause is government's overpriced land sales
2. https://www.youtube.com/watch?v=NXbEfbjhLTE&t=117s
Citigroup, Credit Suisse stop accepting Chinese dollar bonds/How China's Real Estate Beast is formed
3. https://www.youtube.com/watch?v=r7QhYhjJ7IE&t=133s
Evergande's Tactic Move? Unpaid Crowds march and blockade Evergrande offices across China
4. https://www.youtube.com/watch?v=iR8oqwrZPMU&t=374s
China's Land is No Longer Gold, government Land Selling encounter Chill/Is Housing Crash Coming?
What can destroy the Chinese real estate market is debt, without a doubt. The most widely known case is China's second-largest housing company Evergrande Group. It has debts of more than $300 billion US dollars.
Among the 5 trillion debt, bank loans account for the highest proportion at 46%, while bonds account for about 10%, including $217 billion worth of bonds in US dollars.
There is a growing number of uncompleted construction projects in China. The way they get demolished and crumble is like an omen. Will China's real estate market collapse like these unfinished developments?
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