Chines economic woes

China's economic woes mount as trust firm misses payments, home prices fall

Missed payments on investment products by a leading Chinese trust firm and a fall in home prices have added to worries that China's deepening property sector crisis is rapidly stifling what little momentum the economy has left.

August 16, 2023
August 16, 2023

China's economic woes mount as trust firm misses payments, home prices fall

Missed payments on investment products by a leading Chinese trust firm and a fall in home prices have added to worries that China's deepening property sector crisis is rapidly stifling what little momentum the economy has left.