China's housing minister says real estate developers must go bankrupt if necessary
China's real estate sector has employed many construction workers, who typically live in temporary housing nearby.Bloomberg | Bloomberg | Getty ImagesBEIJING — China's struggling real estate developers won't be getting a major bailout, Chinese authorities have indicated, warning that those who "harm the interests of the masses" will be punished."For real estate companies that are seriously insolvent and have lost the ability to operate, those that must go bankrupt should go bankrupt, or be restr...
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