• 11/29/2024

China’s too-big-to-fail property giants just the tip of real estate crisis, as ‘suppliers are being dragged to death’

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

Indebted property developers such as Evergrande and Country Garden owe millions to small companies and their workers, showing how far-reaching the debt crisis has become in the real estate sector.

https://www.scmp.com/economy/china-economy/article/3232716/chinas-too-big-fail-property-giants-just-tip-real-estate-crisis-suppliers-are-being-dragged-death?utm_source=rss_feed