Its not just China homebuyers; suppliers too now boycotting loans - Business Standard

7/20/2022 12:00:00 AM2 years 9 months ago
by Bloomberg
by Bloomberg
Hundreds of contractors to the property industry complained that they can no longer afford to pay their own bills because developers including China Evergrande Group still owe them money
Some suppliers to Chinese real estate developers are refusing to repay bank loans because of unpaid bills owed to them, a sign that the loan boycott that started with homebuyers is starting to spread… [+4858 chars]
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