China property crackdown: why surprise victim Country Garden could be worse than Evergrande for the economy
China’s property market is facing a severe crackdown, with industry giant Country Garden becoming an unexpected victim. Analysts believe that this development could have a greater impact on the economy than the Evergrande crisis. As the second-largest developer, Country Garden’s potential collapse could exacerbate the existing property market concerns, affecting employment, consumer sentiment, and investment. The consequences of this unexpected twist in the property sector are being closely monitored by experts, who fear a further destabilization of China’s already fragile economy.