China’s State Developers Warn of Major Losses as Crisis Spreads

China’s state-owned property developers are warning of widespread losses, fueling concerns that the housing crisis is expanding from the private sector to companies with government backing. #press

https://www.bloomberg.com/news/articles/2023-08-17/china-s-state-developers-warn-of-major-losses-as-crisis-spreads?utm_source=press.coop

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