Monday, November 1, 2021

The Mess of China’s Over-Leveraged Property Developers Spills into California

by Wolf Richter, Wolf Street: Stiffed creditors in China and Singapore seized the halted construction mega-ulcer in San Francisco, the Oceanwide Center. One of China’s many troubled mega property developers, China Oceanwide Holdings based in Beijing, is swaggering toward dismemberment. And its tentacles reach into the US, with a not-yet started condo tower at Manhattan’s […]
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