China is Denmarks fourth largest trading partner, so the recent slowdown in the Chinese economy will hit Danish growth, according to calculations from Danmarks Nationalbank.
There are signs that the crisis in the housing market in China is spreading to parts of Chinas financial sector. It gives many investors nervous twitches, Kim Fster, chief analyst at Jyske Bank, writes in a note to its customers.
In the fall of 2021, one of Chinas largest real estate and construction companies, Evergrande, declared insolvent, which led the entire housing market into a huge crisis. The Chinese have 60% of their wealth placed in the housing sector, so the crisis quickly spread to the whole society.
On Monday, August 28, trading in Evergrandes shares r…
Read the full article at: https://scandasia.com/problems-in-the-chinese-housing-sector-might-influence-danish-growth/