China property flare-ups resurface as crisis enters fifth year

Quick Summary:

As China property debt crisis enters fifth year, there is little indication that distressed developers are finding it easier to repay debt.

Top leaders also pledged to stabilise the property market next year at a key economic meeting earlier this month.

One of China’s leading developers is now on authorities’ radar for default risk.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: Hong KongChina

Topics: Kong Sales Year Developers Recent Default Sector Debt Hong China’s Property

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-22 @ 14:30:08 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 399 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 24579937

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Official Website: scmp.com

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