Evergrande's Liquidation: Impact on Global Economy and Housing Projects

The collapse of China's Evergrande Group has left numerous unfinished housing projects across China, with an estimated 20 million units of unfinished homes and a funding gap of around $446 billion. In Shijiazhuang, an unfinished apartment complex called Central Plaza stands as a reminder of the unresolved costs, leaving buyers who paid in full years ago stuck in limbo. While state-owned developers and local governments have taken over some stalled projects, the scale and difficulty of working through the overhang of unfinished construction left by Evergrande highlight the damage to confidence in the real estate sector.