Investor confidence in China’s troubled property sector has been rocked again this week by reports that one of the country’s largest private building conglomerates missed interest payments on two bonds.

  • tal@kbin.social
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    1 year ago

    I have to say that of all things in China for Marxist-Lenninists to be defending, the Chinese urban real estate sector of 2023 seems like a pretty odd choice.

    • teft@startrek.website
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      1 year ago

      Read up on the concept of “face” in asian cultures. China doesn’t like it when they appear weak or stupid. In any arena.