Graph 7: Evergrande Home Sales Price (dollars / m2)
Sales price began to fall in 2019
The data for January-June 2021 have been extrapolated to the whole year. The extrapolation has been carried out using the value of the indicator for the first six months of 2020 over the total value finally registered in 2020. The exchange rate chosen to make the conversion is 6.45RMB / $ and it has remained fixed throughout the analysis period (the only function of the exchange rate is to illustrate the figures in dollars to aid readers. 90 percent of Evergrande’s income comes from China and the effect of the exchange rate on profits is minimal).