Delegates from China’s property developers, the nation’s largest debtors, are likely to be feeling the pressure when they show up at the Great Hall of the People for the annual legislative meeting in Beijing in the coming days.Six of the 13 real estate company chairmen attending the “two sessions” will be representing developers that have either officially defaulted on their debts or have asked creditors to give them more time to pull together the money they owe.These delegates, among them…
Source : South China Morning Post
Read more…China’s ‘Two Sessions’ 2022: which moguls are in the hot seats over their real estate debts?
