China Just Launches Housing Bailout: Will It Save a Crashing Market?
BEIJING – China is facing the most severe economic challenge of its modern era. The nation’s massive real estate market, once the undisputed engine of its booming economy, has dramatically collapsed. Millions of apartments sit empty across the country, and desperate property developers are drowning in mountains of unpaid debt. To stop the bleeding, the […] The post China Just Launches Housing…
We haven't written up this one. Chiang Rai Times has the full story — the link below goes straight to it.