Chinese developers, who were among the most active investors in overseas property markets, have seen their investments slump this year and they are likely to remain depressed for many years, as Beijing cracks down on capital outflows and curbs risky borrowings to improve the sector’s financial health, according to analysts.Their overseas investments have fallen to about US$1.9 billion so far this year, from a peak of US$17.5 billion in 2017, when they snapped up development sites, offices,…
Source : South China Morning Post
Read more…Chinese developers’ overseas spending spree dries up as Beijing tightens screws to restore order at home
