Global Economy

China's Local Governments Settle Overdue Bills With Apartments, Not Cash



In recent years, Chinese property developers have used unsold apartments to settle debts to construction companies and furniture suppliers. Now, Chinese local governments are following suit.



READ SOURCE

Read More   Exxon Mobil CEO urges COP28 to focus on reducing emissions — not phasing out fossil fuels

This website uses cookies. By continuing to use this site, you accept our use of cookies.