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.

  • tal@kbin.social
    link
    fedilink
    arrow-up
    24
    ·
    edit-2
    1 year ago

    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.

    • teft@startrek.website
      link
      fedilink
      arrow-up
      7
      ·
      1 year ago

      Read up on the concept of “face” in asian cultures. China doesn’t like it when they appear weak or stupid. In any arena.