World News

Real estate restrictions in China cause economic shakes

Beijing’s pressure on the real estate sector is felt far beyond the China Evergrande group, raising questions about the economic pain Chinese leaders are willing to endure as they subdue another sector.

The unrest in Evergrande, which spans street protests as well as collapsing prices for its stocks and bonds, is the most visible sign of the deteriorating climate for Chinese property developers. Credit markets also take into account significant default risks for some smaller competitors, such as Fantasia Holdings Group Co. and Guangzhou R&F Properties Co.

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