HONG KONG -- Distressed sales made up more than a fifth of Chinese commercial real estate deals in 2023, underscoring the severity of the property crisis in Asia's largest economy.
China debt crunch
China commercial property woes trigger surge in distressed sales
More than a fifth of commercial deals involve real estate put into receivership
Sales of offices, stores and other commercial properties in China totaled $38.6 billion in 2023, down from $60.3 billion as recently as 2021. (Photo by Mizuho Miyazaki).
Read Next
Latest on China debt crunch
