Indebted Chinese Developer R&F to Sell Unit

NTD Newsroom
By NTD Newsroom
September 22, 2021China in Focus
share

Beijing’s crackdown on borrowing is starving companies of cash.

A prominent Chinese developer group, Guangzhou R&F Properties, is selling its property management unit to a competitor—and tried raising funds from its two major shareholders.

China in Focus Weekly Newsletter
Find out what's really going on in China
By registering for the newsletter, you agree to the Privacy Policy.
Comments