Many Chinese developers have halted or delayed construction on presold homes due to cash flow problems. Pictured here is a property construction site in Jiangsu province, China, on Oct. 17, 2022.
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BEIJING — China’s central government is not likely to spend billions to save the struggling real estate sector, even if foreign investors are hoping for a massive bailout, analysts said.
A year after Chinese developer Evergrande‘s debt problems began rattling investors, the country’s real estate troubles have only gotten worse. Some homebuyers refused to pay their mortgages due to construction