China property

Ailing developers threaten China's economic outlook

Low demand and rising inventories are threatening China’s property developers with bankruptcy, which raises ugly questions for their lenders — and for our readers in last week’s web poll.
Boards advertising property for sale in Beijing, hinting at the downturn in China's real estate market AFP

Slumping sales in China’s real estate industry could be devastating for local developers, but the knock-on effects could be even more damaging. Worried, we asked our readers last week about how a property collapse may affect the country’s economic outlook.

The majority of respondents wavered between mild pessimism “After two years of cooling the market, China may struggle to restart it” and extreme negativity “China’s banks are doomed. Again.”. But our readers are not alone in their gloom. The OECD also weighed in on the matter...

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