23 Chinese developers face creditor wind-up petitions amid intensifying property-debt crisis.
China's property-debt crisis intensifies as developers face mounting legal risks; at least 23 Chinese builders or related companies have received wind-up petitions from creditors since the start of the real estate crisis. These legal battles over debt restructuring and the potential for liquidation orders have escalated the situation, raising concerns for failing to address key creditors' concerns.
March 19, 2024
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