·HSK 6

China property crisis deepens
zhōngguó fángdìchǎn wēijī jiāshēn
中国房地产危机加深
。

Country Garden, one of Chinas largest developers, faced severe difficulties amid industrywide property sector collapse

zhōngguó zuì dà fángdìchǎn kāifāshāng zhī yī bìguìyuán zài fángdìchǎn xíngyè zhěngtǐ shuāituì zhōng miànlín yánnjùn kùnnjìng

中国最大房地产开发商之一碧桂园在房地产行业整体衰退中面临严峻困境

。

February 28, 2024 at 2:00 PM

Chinas property sector experienced unprecedented systemic crisis between 2023 and 2024

zhōngguó fángdìchǎn xíngyè zài èr líng èr sān zhì èr líng èr sì niánjiān jīnglì le qiánsuo wèiyǒu de xìtǒng xìng wēijī

中国房地产行业在二零二三至二零二四年间经历了前所未有的系统性危机

。

Evergrande was ordered to liquidate

héngdà jítuán yǐ bèi zérìng qīngsuàn

恒大集团已被责令清算

，

while Country Garden barely survived the crisis

ér bìguìyuán suīrán miǎnqiǎng dùguò wēijī

而碧桂园虽然勉强渡过危机

，

it still faced defaults and distress in 2024

dàn zài èr líng èr sì nián réhuán yīn wéiyuē ér xiànrù kùndùn

但在二零二四年仍因违约而陷入困顿

。

the entire industry faced over 300 billion dollars in debt defaults

zhěnge xíngyè miànlín chāoguò sānqiān yì měiyuán de zhàiwù wéiyuē

整个行业面临超过三千亿美元的债务违约

。

given the profound impact of real estate on growth, employment, and local finances

jiànyú fángdìchǎn duì jīngjì zēngzhǎng、jiùyè hé dìfang zhèngfǔ cáizhèng de shēnkè yǐngxiǎng

鉴于房地产对经济增长、就业和地方政府财政的深刻影响

，

the crisis created multiple pressures on the Chinese economy

wēijī duì zhōngguó jīngjì zàochéng le duō zhòng yālì

危机对中国经济造成了多重压力

。

although the central government introduced stimulus measures

zhōngyāng zhèngfǔ suīrán tuīchū cìjī cuòshī

中央政府虽然推出刺激措施

，

their effectiveness and scale remained questioned

dàn qī yǒuxiàoxìng hé guīmó réhuán shòudào zhìyí

但其有效性和规模仍然受到质疑

。

analysts point out

fēnxī rénshì zhǐ chū

分析人士指出

，

structural problems in Chinas property market require long-term institutional reform to resolve fundamentally

zhōngguó fángdìchǎn shìchǎng de jiégòu xìng wèntí xūyào chángqī de zhìdù gǎigé cáinéng gēnběn jiějué

中国房地产市场的结构性问题需要长期的制度改革才能根本解决

。

New Words

Zhongguo

中国

China

fangdichan

房地产

property

hangye

行业

industry

weiji

危机

crisis

hengdA

恒大

Evergrande

bigui yuan

碧桂园

Country Garden

zhaiWu

债务

debt

weiyue

违约

default

jingji

经济

economic

gaige

改革

reform

News in English

Business

China Property Sector in Crisis as Country Garden Struggles

China property sector collapsed in 2023-2024 with Country Garden and Evergrande facing default, over 300 billion dollars in developer defaults, government stimulus uncertain.

Chinas property sector experienced unprecedented systemic crisis between 2023 and 2024. Evergrande was ordered to liquidate, while Country Garden barely survived the crisis but still faced defaults and distress in 2024. The entire industry faced over 300 billion dollars in debt defaults. Given the profound impact of real estate on growth, employment, and local finances, the crisis created multiple pressures on the Chinese economy. Although the central government introduced stimulus measures, their effectiveness and scale remained questioned. Analysts point out structural problems in Chinas property market require long-term institutional reform to resolve fundamentally.

China property crisis deepens
zhōngguó fángdìchǎn wēijī jiāshēn
中国房地产危机加深
。

New Words

News in English

China Property Sector in Crisis as Country Garden Struggles

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China
zhōngguó
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artificial intelligence
AI
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chip
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chǎnéng
产能
triple
fān sānbèi
翻三倍
。

China
zhōngguó
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artificial intelligence
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chip
xīnpiàn
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zhìzàoshāng
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revenue
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significantly
dàfú
大幅
grow
zēngzhǎng
增长
。

United States / American
Měiguó
美国
July
7 yuè
7月
Consumer Price Index (CPI)
CPI
CPI
only / merely
jǐn
仅
to rise / to go up
shēng
升
0.1 percent
0.1%
0.1%
，
interest rate hike
jiā xī
加息
worry / concern
dānyōu
担忧
to ease / to alleviate
huǎnjiě
缓解
。

Trian Fund Management (investment firm)
Tèlǐān Jījīn
特里安基金
to plan / plan
jìhuà
计划
to acquire / takeover
shōugòu
收购
Wendys (fast-food chain)
Wēndí
温迪
，
stock price
gǔjià
股价
to rise / to go up
shàngzhǎng
上涨
13 percent
13%
13%
。

China property crisis deepenszhōngguó fángdìchǎn wēijī jiāshēn中国房地产危机加深。

New Words

News in English

China Property Sector in Crisis as Country Garden Struggles

More in Business

Chinazhōngguó中国planjìhuà计划20262026 nián2026年artificial intelligenceAIAIchipxīnpiàn芯片production capacitychǎnéng产能triplefān sānbèi翻三倍。

Chinazhōngguó中国artificial intelligenceAIAIchipxīnpiàn芯片manufacturerszhìzàoshāng制造商revenueyíngshōu营收significantlydàfú大幅growzēngzhǎng增长。

United States / AmericanMěiguó美国July7 yuè7月Consumer Price Index (CPI)CPICPIonly / merelyjǐn仅to rise / to go upshēng升0.1 percent0.1%0.1%，interest rate hikejiā xī加息worry / concerndānyōu担忧to ease / to alleviatehuǎnjiě缓解。

Trian Fund Management (investment firm)Tèlǐān Jījīn特里安基金to plan / planjìhuà计划to acquire / takeovershōugòu收购Wendys (fast-food chain)Wēndí温迪，stock pricegǔjià股价to rise / to go upshàngzhǎng上涨13 percent13%13%。

China property crisis deepens
zhōngguó fángdìchǎn wēijī jiāshēn
中国房地产危机加深
。

China
zhōngguó
中国
plan
jìhuà
计划
2026
2026 nián
2026年
artificial intelligence
AI
AI
chip
xīnpiàn
芯片
production capacity
chǎnéng
产能
triple
fān sānbèi
翻三倍
。

China
zhōngguó
中国
artificial intelligence
AI
AI
chip
xīnpiàn
芯片
manufacturers
zhìzàoshāng
制造商
revenue
yíngshōu
营收
significantly
dàfú
大幅
grow
zēngzhǎng
增长
。

United States / American
Měiguó
美国
July
7 yuè
7月
Consumer Price Index (CPI)
CPI
CPI
only / merely
jǐn
仅
to rise / to go up
shēng
升
0.1 percent
0.1%
0.1%
，
interest rate hike
jiā xī
加息
worry / concern
dānyōu
担忧
to ease / to alleviate
huǎnjiě
缓解
。

Trian Fund Management (investment firm)
Tèlǐān Jījīn
特里安基金
to plan / plan
jìhuà
计划
to acquire / takeover
shōugòu
收购
Wendys (fast-food chain)
Wēndí
温迪
，
stock price
gǔjià
股价
to rise / to go up
shàngzhǎng
上涨
13 percent
13%
13%
。