Investor confidence in China’s troubled property sector has been rocked again this week by reports that one of the country’s largest private building conglomerates missed interest payments on two bonds.
Investor confidence in China’s troubled property sector has been rocked again this week by reports that one of the country’s largest private building conglomerates missed interest payments on two bonds.
Damn so many tankies on this thread
I have to say that of all things in China for Marxist-Lenninists to be defending, the Chinese urban real estate sector of 2023 seems like a pretty odd choice.
Read up on the concept of “face” in asian cultures. China doesn’t like it when they appear weak or stupid. In any arena.
Happens anytime you mention anything bad and china. The apologists and downvoters come out and play. Same thing used to happen on reddit.
That’s pretty rude. I’m all for critism where it is due but seems like in any article about China rather than discussing the article we use the article to prove our preconceived notion is truth.
Same as I don’t automatically believe any article I read about UK/US/Europe.