Business

China Property Bonds Are ‘No Longer Analyzable’ as Crisis Grows

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Workers at a construction site for the World Expo Culture Park in Shanghai, China, on Tuesday, Sept. 27, 2022. China faces increasing risks from deflation as demand crumbles under the weight of an ongoing property crisis and is threatened by continued Covid restrictions -- a stark contrast with other major economies, according to a private survey. Photographer: Qilai Shen/Bloomberg

Workers at a construction site for the World Expo Culture Park in Shanghai, China, on Tuesday, Sept. 27, 2022. China faces increasing risks from deflation as demand crumbles under the weight of an ongoing property crisis and is threatened by continued Covid restrictions — a stark contrast with other major economies, according to a private survey. Photographer: Qilai Shen/Bloomberg



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