Age of the Dragon

China's real estate crisis is a threat to the CCP

Bradley Perrett
Updated October 8 2021 - 10:50am, first published 10:30am
The Evergrande Changqing community in Wuhan. Evergrande, China's largest property developer, is facing a liquidity crisis. Picture: Getty Images
The Evergrande Changqing community in Wuhan. Evergrande, China's largest property developer, is facing a liquidity crisis. Picture: Getty Images

The Chinese Communist Party's favourite word is "stability". It appears endlessly in government statements, because, above all, it means no change in the party's position, officialdom's highest objective.

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Bradley Perrett

Bradley Perrett is a regular ACM columnist with a focus on Australia's relationship with China, covering defence, strategy, trade, economics and domestic policy. He was based in Beijing as a journalist from 2004 to 2020.

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