China's property sector financial woes ripple through wider economy with billions owed to businesses, workers – CNA

Asia Asia Real estate forms the backbone of China’s economy, contributing about 30 per cent of its gross domestic product, but experts said the country has to wean its reliance on the sector for growth given its shifting population trends.SHANGHAI: The financial woes of China’s largest property developers are rippling through the country’s economy, as […]

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