(08-08-2022, 07:44 AM)sgbuffett Wrote: When 3 red lines policy came out the intention was to safeguard China property sector.
It instead led to an ugly collapse with homebuyers refusing to pay mortgages.
https://www.reuters.com/business/snowballing-crisis-evergrande-worlds-most-indebted-developer-2022-07-29/