China is sending a harsh message to its struggling property developers: ‘They will be made to pay the due price’

Chinese real estate developers desperate for a government lifeline are getting the opposite—survival of the fittest. According to Chinese Minister of Housing and Urban-Rural Development Ni Hong, “real estate companies that are seriously insolvent and have lost the ability to operate … must go…#fitchratings #hongkong #countrygarden #imf
Source: Reuters: Health - Category: Consumer Health News Source Type: news