The property crisis in China can worsen. This time, the person voicing concerns is a developer with state support.
China's yearslong real-estate debt crisis has already taken down the property giant Evergrande, which is undergoing liquidation.
Home sales and prices in the country have also slumped.
But China's property crisis could still get worse.
"I think, at the moment, there's an assumption in the market that the levels of activity have come down so much that things can't get much worse, but that's not really true," Charlene Chu, a senior analyst at Autonomous Research, told Bloomberg TV on Monday.
Chu — who issued warnings about China's debt more than a decade ago — said China was still "very much in the middle of a collapse in the property sector, and this could still get uglier than it already is."
Concerns grow over another Chinese real-estate giantChu's assessment of China's pr...