China Property Pain Worsens With Failed Auction, Sino-Ocean Rout

(Bloomberg) -- Fresh signs emerged Wednesday that China is facing yet more challenges in its property debt crisis.Most Read from BloombergXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeEarth Keeps Breaking Temperature Records Due to Global WarmingLazard Fires Senior Banker for Inappropriate Behavior at PartyStocks Decline as China Data Saps Risk Sentiment: Markets WrapChina Restricts Export of Chipmaking Metals in Clash With USDefaulted developer Shimao Group Holdings Ltd. failed

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