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Despite its superficial attractiveness, the ‘old for new’ housing policy can hardly save China’s property market, says China economist Davy Jun Huang.
Winding up petitions are unlikely to be accepted by Chinese courts, experts say.
After two years of dithering, Beijing has at last begun to address China’s property/financial crisis seriously—but it is still not enough.
Fitch Ratings says that the Chinese regime’s recent relaxing of real estate transaction rules may have little effect on sales of new homes.
Significant perils are facing China’s economy
China’s real estate market rocked again on Friday after another developer, Soho China, reported a significant drop in revenue hours after China Evergrande Group filed for bankruptcy in a New York court.
