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@kbin.social
      251·
      11 months 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@startrek.website
      131·
      11 months ago

      Happens anytime you mention anything bad and china. The apologists and downvoters come out and play. Same thing used to happen on reddit.

    • greyfrog@lemmy.world
      75·
      11 months ago

      That’s pretty rude. I’m all for critism where it is due but seems like in any article about China rather than discussing the article we use the article to prove our preconceived notion is truth.

      Same as I don’t automatically believe any article I read about UK/US/Europe.