Another major Chinese developer has defaulted on its debt, dealing a new blow to the ailing real estate sector in the world's second largest economy.
China's Real Estate Crisis Deepens As Big Shanghai Developer Defaults
CNN.com - RSS Channel - US, CNN: Nation
Mon, 07/04/2022 - 3:08am
BING NEWS:
- The freefall in China's home prices continued in March as Beijing struggles to stem real estate crisis
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04/15/2024 - 1:00 pm | View Link - Indebted Chinese developer Zhenro asks to delay restructuring amid ‘strained’ conditions, Ping An unit’s lawsuit threat
Shanghai-based developer, facing 61.86 billion yuan (US$8.5 billion) in debts, says it needs more time to consider restructuring plan A unit of Ping An Insurance Group says it is suing Zhenro in ...
04/11/2024 - 6:11 pm | View Link - China's bleak outlook
"I tell them there's a big difference ... of digging out of a crisis like Japan's is that the factors that contributed to the downturn are self-reinforcing. When real-estate values collapsed ...
03/30/2024 - 10:58 pm | View Link - More
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