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China's property market could see more pain, even as Evergrande crisis seems to be abating
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BEIJING — Worries about Chinese real estate developers' high debt levels have rattled investors despite signs that property giant China Evergrande may be making progress on resolving its debt problems.
It's an indication of further pain to come in China's property market, analysts told CNBC.
Since late summer, global investors have watched for Evergrande's ability to stave off official default — and are concerned about whether the fallout might spread to the rest of China's real estate industry.
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