Qilai Shen | Bloomberg | Getty ImagesBEIJING — Two years after Evergrande's debt troubles, worries about China's real estate sector are coming to the forefront again.
In late July, its top leaders indicated a shift toward greater support for the real estate sector, paving the way for local governments to implement specific policies.
For the last several years, Chinese authorities have attempted to curb debt-fueled speculation in the country's massive — and hot — real estate market.
Real estate and related industries have accounted for about a quarter of China's economy.
He pointed out that since China started its deleveraging campaign in 2016, it is very unlikely the state would step in to bail out real estate developers.
Persons:
Qilai Shen, Dalian Wanda, Liu Haibo, Sandra Chow, Nomura, Chow, Evergrande, Redmond Wong, —, Wong, Vanke, that's
Organizations:
Country Garden Holdings Co, Bloomberg, Getty, BEIJING, Reuters, CNBC, Country, Asia Pacific Research, CreditSights, Fitch, Saxo Markets Hong, China's, House Research, Stock, Poly Development, Research
Locations:
Baoding, Hebei province, China, Dalian, Hong Kong, Beijing, Saxo Markets Hong Kong