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business - Coggle Diagram

- - - - House prices too high
      - It promotes economic development
      - Created a lot of big companies
      - Real estate became one of the most important parts of business
- - - - A change in national policy
      - The epidemic affects the economic environment
      - The industry rules are not reasonable
      - People's demand for housing is basically met
      - Exorbitant housing prices are a heavy burden on the economy
    - - Lots of real estate companies went bust
      - Unreasonable housing prices began to fall
      - Caused many people to go bankrupt
    - - In 2021, hengda, one of China's largest real estate companies, went bankrupt
        
        The company owes 1.9 trillion yuan
        
        Large numbers of employees lost their jobs
        
        Many lost their money and their homes