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.

  • teft@startrek.website
    111·
    11 months 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.