Properties under construction in Huizhou in China's Guangdong province. Photo: Reuters

Bankruptcies among Chinese developers are up by a half amid slowing economy, restrictions on borrowing

  • Home builders have found it harder and harder to access their traditional sources of credit as Beijing has clamped down on high debt levels
  • So far this year, 274 builders have filed for bankruptcy, a rise of 50 per cent from a year ago, according to the People’s Court Daily
Topic |   China property

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Properties under construction in Huizhou in China's Guangdong province. Photo: Reuters
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