Chinese buildings go unfinished as cash crunch hits local developers - eviltoast
Debt-laden local government financing vehicles face soaring bond yields

Debt-laden local government financing vehicles face soaring bond yields

  • SpaceBar@lemmy.worldEnglish
    13·
    1 year ago

    Hasn’t this been a problem for years? I seem to remember stories like this from 10 years ago, but for different reasons.

    • HobbitFoot @thelemmy.clubEnglish
      5·
      1 year ago

      There were empty cities, but they usually got filled within a few years of construction. Now, it is at the point where the cities aren’t being finished.