Economics
Chinese Developers Seen Facing More Challenges on Oversupply
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Chinese developers will probably face more challenges this year because of an oversupply of housing in smaller cities, according to a Bloomberg News survey.
Sourcing of financing, including from non-banks, will narrow, according to 26 economists and analysts surveyed from March 24 to 31. Developers in regions where the housing market slowed and access to financing shrunk face rising default risks, Standard & Poor’s Ratings Services said in a Jan. 17 report.