China's property crisis deepens as another huge developer risks default | CNN Business
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Investor confidence in China’s troubled property sector has been rocked again this week by reports that one of the country’s largest private building conglomerates missed interest payments on two bonds.

Investor confidence in China’s troubled property sector has been rocked again this week by reports that one of the country’s largest private building conglomerates missed interest payments on two bonds.

  • tal
    26•2 years ago

    I have to say that of all things in China for Marxist-Lenninists to be defending, the Chinese urban real estate sector of 2023 seems like a pretty odd choice.

    • teft
      11•2 years ago

      Read up on the concept of “face” in asian cultures. China doesn’t like it when they appear weak or stupid. In any arena.