Bad loans and developer defaults jump China junk debt market sinking as U.S./Europe rally Authorities want to wean economy from real estate - strategist
Debt and land-buying curbs and hundreds of new rules are hitting developers far harder than they had expected, setting off a scramble to sell assets as well as a steady drumbeat of bankruptcies, defaults and cut-price takeovers.
Looks like they are adopting the California NIMBY building permit and zoning system.
Bad loans and developer defaults jump
China junk debt market sinking as U.S./Europe rally
Authorities want to wean economy from real estate - strategist
Looks like they are adopting the California NIMBY building permit and zoning system.
https://www.reuters.com/world/china/chinas-property-crackdown-stalks-credit-markets-2021-08-26/