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https://www.wsj.com/articles/chinese-banks-178-billion-medicine-for-developers-wont-cure-all-ills-11669373032
Falling location income stay a large hurdle for spot companies
HONG KONG—China’s state-owned banks are showering the country’s real-estate developers with loans and different promises of fiscal support, moves that volition forestall the beleaguered manufacture from spiraling into a full-blown situation pursuing a question of indebtedness defaults.
The generous aid, however, is improbable to rapidly lick a cardinal occupation afflicting galore Chinese developers: A heavy slump successful caller location sales.
English (US)