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VIRUS OUTBREAK
More than 100 builders go bust in China as virus strains deepen
The property sector is already reeling from a slowing market; smaller home builders will be hardest hit
As Covid-19 spreads, the squeeze may be felt most acutely by Chinese banks and property firms. As a result, mergers and acquisitions among the nation's almost 100,000 real estate companies will ramp up again in 2020, say analysts.
PHOTO: BLOOMBERG
Shanghai
THE coronavirus epidemic is accelerating a shakeout in China's property sector as a cash crunch forces distressed developers to throw in the towel.
With lockdowns across the world's most-populous nation entering their third month, smaller home builders are being pushed to...
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