China’s smaller firms face unpaid bills due to housing slump

December 10, 2021 7:40 AM

BEIJING (BLOOMBERG) – The defaults and slow-moving crises of companies in China’s property sector isn’t just hurting bond-holders and people waiting for their apartments – thousands of small suppliers of everything from tiles to cleaning services are waiting to get paid by the likes of China Evergrande Group.

Source : http://www.straitstimes.com/business/property/chinas-smaller-firms-face-unpaid-bills-due-to-housing-slump