The policy paralysis of the past half year has given way to stronger signals that Beijing wants to support the market. But it still seems to want a floor rather than a strong rebound per se.
Policy paralysis of the past half year has given way to stronger signals that Beijing wants to support the marketCountry Garden, once seen as one of China’s most stable property developers, is now struggling
financially, leaving the future of unfinished megadevelopments like Malaysia’s Forest City in doubt. Here’s how overbuilding, and a streak of bad luck, have left China’s real-estate developers in the red. Photo: Adam Adada
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