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China: Presales of properties sinks to 18-year low amid halting p
Reportedly, preselling of real estate properties allows the developers to recover their investments faster, and...
"China's local governments finding it difficult to service debt"
According to S&P Global Ratings analysts, local government direct debt exceeded 120 per cent of revenue in 2022.
Cracks emerge in China's financial system after homebuyers resent
Beijing [China], August 24 (ANI): Owing to the deep recession in China's property market, the inability of ailing...
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