2020-2023 property crisis

URI: https://gptkb.org/entity/2020-2023_property_crisis

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:economic_crisis
gptkbp:affectedIndustry	banking real estate construction
gptkbp:alsoKnownAs	Chinese property sector crisis
gptkbp:cause	gptkb:COVID-19_pandemic debt crisis regulatory tightening
gptkbp:effect	protests by homebuyers unfinished housing projects impact on global markets decline in property prices defaults on bonds
gptkbp:endDate	2023
gptkbp:governmentResponse	liquidity support for developers mortgage boycotts easing of property restrictions
gptkbp:impact	loss of consumer confidence slowdown in Chinese economy job losses in construction sector
gptkbp:location	gptkb:China
gptkbp:mediaCoverage	gptkb:Bloomberg gptkb:Financial_Times gptkb:Reuters gptkb:The_New_York_Times
gptkbp:notableCompany	gptkb:Country_Garden gptkb:Kaisa_Group gptkb:Sunac_China gptkb:Evergrande_Group
gptkbp:relatedEvent	gptkb:COVID-19_pandemic_in_China 2021 Evergrande liquidity crisis 2022 mortgage boycott
gptkbp:startDate	2020
gptkbp:bfsParent	gptkb:Chinese_property_sector
gptkbp:bfsLayer	8
http://www.w3.org/2000/01/rdf-schema#label	2020-2023 property crisis