Two top Chinese real estate giants lose 70% value, in deep debt crisis

Two Chinese former real estate giants – “Sunac China” and “Shimao Group” – are witnessing its market value fall by nearly 90% from their highs due to the debt crisis. So far, the two companies suffered their stocks suspended from trading for more than 3 months for failing to publish financial reports on time.
——————-
#SpotlightOnChina #China #ChinaInsights