The Chinese real estate giant Evergrande continues to struggle with its more than $300 billion USD debt, and it is not alone: other large, highly leveraged firms are also in trouble. If China’s real estate bubble bursts, it could have enormous consequences for construction, finance, suppliers of raw materials, the personal net worth and housing prospects of millions of Chinese citizens and vast numbers of Chinese governments, from local administrations (most of which are heavily dependent on revenue from property development) all the way to Beijing.
Ripples from these events will be felt around the world: the effects will include both immediate shocks to certain sectors and more subtle effects from yet another re-adjustment of China’s growth model.
Our expert panel will discuss the history and social dynamics that have shaped China’s real estate market, the nature of the current bubble, implications for the government’s centralizing ambitions and its “promise of common prosperity,” consequences for global markets, and the ways in which ordinary citizens, in China and abroad, may be effected by these still-unfolding events.
January 11, 2022
11:00am Japan | South Korea
10:00am Hong Kong | Beijing | Singapore
2:00am Ireland | London
January 10, 2021
Professor of Geography
Chair of Global Studies
University of California at Berkeley
Matthew Lowenstein (PhD'21)
Fellow at the Hoover Institution
Walter H. Shorenstein Asia-Pacific Research Center
The University of Chicago Yuen Campus in Hong Kong
About China On The Move
China On The Move is a program developed by the University of Chicago Yuen Campus Hong Kong to provide objective academic insights into current events shaping China and its future as a global actor. Our UChicago scholars and their guests will share their deep expertise and interpret contemporary events from historical, social, political, economic and other perspectives to provide a balanced view of China. Read more.