Teetering China property giants undercut Xi Jinping’s push to end crisis

Tuesday, 26 September 2023
Fresh drama at Chinese property developers, including China Evergrande Group, is threatening President Xi Jinping's efforts to end the housing crisis. The news of debt restructuring plans, missed bond payments, and the detention of former executives has fueled investor confusion over the government's plan to stabilize the market. This comes at a critical time as Chinese developers rely on the upcoming Golden Week holiday period to revive home sales.

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Teetering China property giants undercut Xi Jinping’s push to end crisis

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