Chinese authorities have sent a clear message that struggling real estate developers shouldn't expect a significant bailout, as the government puts on a spotlight on accountability and market principles in the face of financial woes, as per a CNBC report.

Chinese authorities signal no major bailout for struggling real estate developers

The crisis in China's property sector is going from bad to worse. As per reports, in the country, a demolition campaign is gaining speed. As the world's second-largest economy struggles under the weight of a faltering real estate market, indebted Chinese developers have been forced into a crisis.

'Build, pause, demolish, repeat': China to demolish buildings that could accommodate 75 million people

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Chinese authorities signal no major bailout for struggling real estate developers

'Build, pause, demolish, repeat': China to demolish buildings that could accommodate 75 million people