Real Estate

Here’s where China’s real estate troubles could spill over

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China’s real estate industry accounts for more than a quarter of national GDP, according to Moody’s. Pictured here is a residential complex under construction on Dec. 15, 2021, in Guizhou province.

Costfoto | Future Publishing | Getty Images

BEIJING — China’s real estate troubles could spill into other major sectors if the problems persist — and three particular businesses are most vulnerable, according to ratings agency Fitch.

Since last year, investors have worried that Chinese property developers’ financial problems could spread to the rest of the economy. In the last two months, many homebuyers’ refusal to pay their mortgages have brought developers’ problems to the forefront again



Source cnbc.com

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