Debt crisis in China's real estate sector
Edited By WION Video Desk
Published: Oct 18, 2023, 07:05 IST | Updated: Oct 18, 2023, 07:05 IST
As China’s private developers struggle to meet their debt repayments, concerns are growing over the potential ripple effects on local-level government finances. Country Garden, the country's largest developer, has sounded the alarm, stating it may not be able to meet its offshore debt obligations.
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