Posted 12/9/2023, 1:10:00 AM
China's Property Market Woes Deepen as Hidden Debts, Falling Demand, and Lack of Reform Take Toll
- China's hidden local government debt spurring ratings downgrades by Moody's
- Further adjournment of China Evergrande's offshore winding-up case hearing
- Falling demand for China's presale properties due to buyer distrust of distressed developers
- Shattered myth of ever-rising real estate prices in China
- China attempting symptom fixes for property crisis rather than structural reform