Following the default of Evergrande, one of China’s largest developers, a chain reaction of defaults among other developers has China facing an ongoing property market crisis. New findings from a U-M research team led by Lan Deng, professor of urban and regional planning, reveal an overlooked factor driving the crisis: the concentrated nature of the real estate industry. Read more about the findings and what they mean for the Chinese real estate industry in this article from Michigan News.
![Screenshot 2023 10 31 At 4.34.56 PM](https://alumni.umich.edu/wp-content/uploads/Screenshot-2023-10-31-at-4.34.56 PM-3.png)