Country Garden, once seen as one of China’s most stable property developers, is now struggling financially, leaving the future of unfinished megadevelopments like Malaysia's Forest City in doubt. Here’s how overbuilding, and a streak of bad luck, have left China’s real-estate developers in the red.
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https://www.wsj.com/world/china/xi-jinping-is-looking-for-someone-to-blame-for-chinas-property-bust-fca6726fCountry Garden, once seen as one of China’s most stable property developers, is now struggling financially, leaving the future of unfinished megadevelopments like Malaysia’s Forest City in doubt. Here’s how overbuilding, and a streak of bad luck, have left China’s real-estate developers in the red.
With China’s property bust threatening to sink the country’s economic recovery, Xi Jinping is looking for someone to blame., Beijing is expanding its probes to include bankers and financial institutions that facilitated developers’ risky behavior, people familiar with the matter say.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.
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