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China's troubled property sector: Is the big storm only just approaching? | DW Business
Posted
September 6, 2023
Views
82,947
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September 6, 2023
82,947
718
165
1.06%
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8:33Now PlayingTroubled Chinese property developer Country Garden avoided default this week as it made interest payments on bonds hours ahead of a deadline. Last week, the company reported a record nearly $7 billion loss in the year's first half. But even as the Central government rolled out a raft of measures to bolster the market, many consumers say it's still too expensive to buy homes.
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