Major property developer Evergrand has rocked the market by filing for bankruptcy protection. Read more at straitstimes.com.
There is no getting away from it. Some of China’s biggest property developers are in trouble and trying to buy time as they seek to restructure their debts.
But the problem runs deep, with demand drying up in the property market, and the bigger question is how hard the economy and financial sector will be hit, if some of these property giants collapse.Get exclusive reports and insights with more than 500 subscriber-only articles every month
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