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China’s deepening property crisis threatens trouble | Mint Primer | Mint
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China's housing crisis is deepening as Country Gar... moreChina's housing crisis is deepening as Country Garden, a major homebuilder, missed coupon payments, causing panic among households.
This highlights fears of a supply chain collapse, where material suppliers and construction firms face delayed payments, and concerns about the crisis spreading to state-backed firms. Homebuyers who paid upfront contribute a significant portion of the company's liabilities, risking protests.
Read more on livemint.comAbout this in other media
China's property crisis weighs on developing Asia's 2023 growth outlook - ADB investing.com /1 year ago
An Even Bigger Housing Crisis Threatens China’s Economy livemint.com /1 year ago
China's economy shows signs of stabilising but property slump threatens outlook investing.com /1 year ago
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