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WebOct 11, 2024 · China’s property crisis is ensnaring yet another developer. Modern Land is asking investors for more time to pay back a $250 million bond, according to a company filing with the Hong Kong Stock ... WebJul 29, 2024 · LIU JIN/AFP via Getty Images. China’s real estate sector has a debt problem. Large property developers like the embattled company Evergrande have racked up massive amounts of debt, leading to ... WebMar 8, 2024 · The real estate sector is a key part of China’s economy, accounting for around a quarter of China’s economy is facing problems. According to Reuters, new home prices are expected to fall 1.4% in 202 3. Property sales were seen slumping 24.5% in 2024, a far bigger drop than the 10% fall forecast in the May poll. smart home device manufacturers