HONG KONG -- China's latest attempt to rescue its property market by buying up unsold homes and cutting mortgage rates has yet to revive confidence, while a slew of developers continue to grapple with wind-up petitions in Hong Kong.
China debt crunch
China's 'too small' property rescue leaves market wanting more
Shimao wind-up case paused until July 31 as developers, banks face more pressure
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The rescue package by the People's Bank of China, the country's central bank, is widely deemed to be "insufficient" by market watchers. (Photo by Mizuho Miyazaki)
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