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Since 2010, the Global Law Experts annual awards have been celebrating excellence, innovation and performance across the legal communities from around the world.
posted 3 years ago
China’s property market plays an outsized role in the global economy. It is intricately linked to core industries, performance of local governments, besides investors and homeowners. 2021 data showed that China’s largest property developers have accrued trillions of dollars in debt, causing alarm among economists and investors alike over fears of financial instability. While the Chinese government ended the year by easing restrictions on debt refinancing and loans, it is as yet unclear if this will be enough to reverse course in 2022.
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