China’s property sector has been grappling with a liquidity crisis since mid-2021, with major developers defaulting on or delaying debt payments following a regulatory crackdown on high leverage.
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Anger mounts as China’s property debt crisis leaves flats unfinished
Anger mounts as China’s property debt crisis leaves flats unfinished
Industry giant China Evergrande Group was wound up in January and competitor Country Garden Holdings is facing a liquidation petition in Hong Kong.
Many others, including China Vanke, the country’s second-biggest real estate firm, struggle to sell flats and raise funds, weighing on the growth of the world’s second-biggest economy.
“It also needs to be emphasised that for real estate companies that…
