Another Chinese real estate developer could be on the brink of collapse. Country Garden, the nation’s largest property developer, announced it lost $6.7 billion in the first six months of the year. WSJ’s Rebecca Feng explains how China’s real estate market — a key part of the country’s economy — ended up on such shaky ground.

Further Reading:

-Country Garden, China’s Largest Surviving Developer, Sinks Into Debt Crisis 

-China’s Deepening Housing Problems Spook Investors 

Further Listening:

-China's Evergrande Crisis 

-Why Millions of Chinese Young People Are Unemployed 

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