| 05.07.2012 - Chinese developers face pinch |
| Standard & Poor's Ratings Services says China's more than 80,000 developers could face a battle for survival as a wave of short-term property loans fall due this year. The risk is that these businesses could become so desperate they will either default, leaving behind half-finished projects at a time economic growth already is slowing, or start offering steep discounts, triggering a price war...............................................Full Article: Source |