China's major construction companies are failing to generate enough cash to meet their obligations, according to an analysis of their results, suggesting a worsening liquidity crisis in the country's property sector. Net profits of construction companies fell by an average of 188% in the first six months of 2022, year-on-year, from...
China has asked banks to provide more credit to the country's struggling construction companies due to the growing number of homeowners refusing to pay the installment of their properties, worsening the liquidity crisis in the sector. Homeowners in China, whose work has been left unfinished due to the builders' precarious situation, are refusing to pay...