Chinese developer Shimao shares plunge
BEIJING: Shares in Chinese property giant Shimao Group plunged to a record low on Monday after saying it faced a winding-up petition from one of the country’s biggest banks. Beijing has been seeking to alleviate a mounting crisis in the property sector once a key driver of growth but now in a deep debt crisis, […]
Tomas Kauer - News Moderator 
BEIJING: Shares in Chinese property giant Shimao Group plunged to a record low on Monday after saying it faced a winding-up petition from one of the country’s biggest banks.
Beijing has been seeking to alleviate a mounting crisis in the property sector once a key driver of growth but now in a deep debt crisis, raising fears about the world’s second-largest economy.
Register to read this story and more for free.
Signing up for an account helps us improve your browsing experience.
OR
See our subscription options.
Already have an account? Log in here
This website uses cookies. By continuing to browse the website, you are agreeing to our use of cookies. Read More.
