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China debt crunch

Developer Sunac seeks support from Chinese city to stem slowdown

Stock rebounds after company says 'draft memo' erroneously leaked

Sunac insists that its operations and sales in Shaoxing are "normal" and "fine."   © Reuters
KENJI KAWASE and NARAYANAN SOMASUNDARAM, Nikkei staff writers | China

HONG KONG -- Property developer Sunac China Holdings has asked for "special policy support" from a city government to stem slowing sales, underscoring challenges faced by once-highflying companies in the world's second largest economy.

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