The debt crisis at Evergrande is symptomatic of the Chinese government’s precarious position
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Thomas Hale in Hong Kong and Sun Yu in Jinan Until just a few weeks ago, sales at three residential developments in the eastern Chinese city of Jinan were booming. But in September, traditionally one of the busiest months for purchases of new homes, the mood has soured. Sales at the projects are flat or declining as authorities tighten access to mortgages, and developers are now offering discounts in an attempt to shift the units — even if it leads to…
China’s property slowdown sends chill through the economy
Source: Trend Updates Article
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