Strategically important branch China is expected by serious crisis

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The Chinese market of housing moves to new crisis which can become the worst for the country at present. As transfers Day.Az with reference to information agency "Interfaks", about it writes American daily business newspaper "The Wall Street Journal". Bankruptcy the large developer companies China Evergrande Group provoked a wave of defaults of builders two years ago, and branch problems negatively affected economy China as a whole. Now in a difficult situation there was the largest private developer China - Country Garden Holdings. Unlike Evergrande which problems were caused by excessive wastefulness, difficulties of Country Garden...
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Kenneth Sol Rogoff
Last position: Professor (Harvard university)
Harvard university
Main activity:Science and education
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