April 17, 2024

AndronETalksNews

AndronETalksNews

Chinese Developers Resorting To “Negative Down Payment” Practices

Zero Hedge

By Tyler Durden – May 29, 2023

In its attempt to reboot China’s real estate property market bubble, which burst spectacularly in late 2021 when most housing developers blew up in the aftermath of Evergrande’s historic bankruptcy amid Beijing’s ill-fated deleveraging push, and which according to Goldman calculations is the world’s largest real estate bubble…

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