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.

  • Astroturfed@lemmy.world
    2·
    11 months ago

    Shrinking population +people buying as many apartments as they could as it was viewed as the only “good” investment (their stock market is a complete joke, filled with scam companies with fake numbers run like ponzi scheme). The real estate market there is due for a wild correction. The housing market in America has been manipulated by greed but at least there arent as many empty apartment buildings. Here people are least rent out their real estate and become slumlords…