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