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What China’s Looming Real Estate Crisis Means for Fashion

Further volatility in the property sector could dampen consumer appetite for fashion and luxury goods in some quarters, but it is unclear how big the impact might be.

A view of buildings on Ocean Flower Island, also known as Haihua Island, an artificial archipelago built by the Evergrande Group, in Danzhou, Hainan Province of China. — A view of buildings on Ocean Flower Island, also known as Haihua Island, an artificial archipelago built by the troubled China Evergrande Group in Danzhou, Hainan. (Getty Images)

By

Casey Hall

11 January 2022

BoF PROFESSIONAL

The new year has brought no relief in the bad news that has plagued China Evergrande Group for the past six months. The property developer is now famous far beyond Chinese borders as the world’s most indebted with around $300 billion in liabilities as of summer 2021.

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