Shimao puts residential projects on sale as property woes in China deepen

Shimao puts residential projects on sale as property woes in China deepen

Beijing, China. Photo by zhang kaiyv on Unsplash

Shimao has put all its projects on sale, local media reported, as Chinese property developers face mounting pressure to negotiate with their creditors to ease a liquidity squeeze in the sector that is threatening to push more firms into default.

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