Every level of the real estate development process is subject to debt. Untangling it will require a lot more effort from Beijing.
https://www.washingtonpost.com/business/to-dispel-the-property-crisis-china-has-to-tame-two-types-of-bad-borrowers/2021/11/14/b79479c2-459e-11ec-beca-3cc7103bd814_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | To clear the asset crisis, China must tame two types of bad borrowers