Worsening debt woes in Chinese property market diminish effect of steel-sector stimulus

Looming debt-repayment issues facing Chinese property developers were expected to erode the continuing efforts being made by the country’s authorities to support the domestic steelmaking industry, Fastmarkets heard on Wednesday August 2.

Domestic authorities in several Chinese cities were seeking to tighten property developers’ access to tens of billions of dollars-worth of property sales held in escrow accounts, according to a source...


Norman Fong

August 02, 2023

12:18 GMT