China’s property woes are spreading beyond Evergrande

Instability sparked by the troubles of Evergrande, China’s heavily-indebted property giant, is spreading to the wider property market, and it could affect the country’s growth for years to come.

Evergrande Center office building
China has been asking state-backed firms to snap up Evergrande’s assets
(Image credit: © Wang Gang / Costfoto/Barcroft Media via Getty Images)

Shares in troubled Chinese property giant Evergrande and its property management unit were suspended from trading in Hong Kong on Monday, amid reports that a major transaction is underway.

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Saloni Sardana

Saloni is a web writer for MoneyWeek focusing on personal finance and global financial markets. Her work has appeared in FTAdviser (part of the Financial Times),  Business Insider and City A.M, among other publications. She holds a masters in international journalism from City, University of London.

Follow her on Twitter at @sardana_saloni