Teetering China property giants undercut Xi Jinping’s push to end crisis
Teetering China property giants undercut Xi Jinping’s push to end crisis
Fresh drama at Chinese property developers, including China Evergrande Group, is threatening President Xi Jinping's efforts to end the housing crisis. The news of debt restructuring plans, missed bond payments, and the detention of former executives has fueled investor confusion over the government's plan to stabilize the market.
Fresh drama at Chinese property developers, including China Evergrande Group, is threatening President Xi Jinping's efforts to end the housing crisis. The news of debt restructuring plans, missed bond payments, and the detention of former executives has fueled investor confusion over the government's plan to stabilize the market.