China’s property market has been in a downward spiral for five years, with little sign of the crisis abating. Even after the collapse of real estate giant Evergrande, values are continuing to plummet. Households in financial distress are being forced to sell properties, and apartment developers that racked up enormous debt on speculative projects are on the brink of collapse. Lulu Chen, who leads our team covering Asian real estate, joins host Stephen Carroll to discuss.

<p>China&rsquo;s property market has been in a downward spiral for five years, with little sign of the crisis abating. Even after the collapse of real estate giant Evergrande, values are continuing to plummet. Households in financial distress are being forced to sell properties, and apartment developers that racked up enormous debt on speculative projects are on the brink of collapse. Lulu Chen, who leads our team covering Asian real estate, joins host Stephen Carroll to discuss.</p>

Here's Why: Where we explain one news story in just a few minutes with help from our experts at Bloomberg. 

<p>Here's Why: Where we explain one news story in just a few minutes with help from our experts at Bloomberg.&nbsp;</p>

Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide company and industry research.

Here's Why

Here's Why China Can’t Sort Out Its Property Market Mess

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