Business
Time is running out for Beijing to fix China’s property crisis – The Sydney Morning Herald
Beijing has vowed not to bail out Evergrande, but a lot has changed since that proclamation was made last month.
Unfortunately, this doesnt work well in practice. When sellers fail, the white knights cant quite disentangle themselves from extraneous effects. For instance, in January 2020, Shimao Group Holdings, the 10th largest builder by sales last year, came to…
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