Real estate problems persist with once-healthy developer Country Garden now on the brink of default.
Real estate dragChina's massive real estate sector, where the majority of household wealth is parked, has reemerged as an area of concern that it could drag down the broader economy.
Developer Country Garden announced over the weekend it was suspending trading in at least 10 of its mainland-China traded yuan bonds.
The more the government tries to help the real estate industry, the longer it takes for the industry to find a reasonable bottom.
State-owned developers have also fared better in terms of recent sales than non-state-owned developers, data show.
Persons:
Aly Song, Lu Ting, corporates, Xiangrong Yu, Goldman Sachs, Louis Lau Brandes, Louis Lau
Organizations:
Bund, Reuters, Nomura, Citi New, Citi, Garden, ., Country Garden's U.S, China U.S, Goldman, Louis Lau Brandes Investment Partners, Brandes Investment Partners
Locations:
Pudong, Shanghai, China, Reuters BEIJING, Japan, today's China, corporates, State, South Korea