Two Chinese developers have secured support from state-owned shareholders or financial institutions to ease their debt burden, in the latest sign that Beijing is stepping in to bail out China’s embattled property sector.
Homebuyers are refusing to honor their mortgages in a movement that is snowballing in China, causing a headache for developers and mortgage-issuing banks..EGRNF
China's Rising Debt Problem Reveals Systemic Weakness: The list of failing developers just keeps on growing freerepublic.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freerepublic.com Daily Mail and Mail on Sunday newspapers.