Real Estate Industry in China
2017-09-19 17:55:57
Huang Nubo, president of Beijing Zhongkun Investment Group, opines that the real estate industry in China has slumped down to a vicious circle, like quenching thirst with poison, where the whole industry bears trillions of assets and debts at the same time while its sluggish capital turnover is nibbling up its profits and interests. Smaller real estate businesses may have chances to turn around, but the bigger players may not get away from going bankrupt.