Real estate in China is developed and managed by public, private, and state-owned red chip enterprises.
An empty corridor in the mostly vacant New South China Mall, 2010
Image: House prices in China's major cities in five years (2017 2021)
The China Evergrande Group was a Chinese property developer, and it was the second largest in China by sales. It was founded in 1996 by Hui Ka Yan. It sold apartments mostly to upper- and middle-income dwellers.
Guangzhou Evergrande Center
Evergrande Group Mineral water Brand "EVERGRANDE SPRING "