Workers for a major Chinese developer are going without pay, and job sites are going unfinished as the Chinese real estate market struggles, according to Reuters.
Country Garden, formerly China’s largest real estate developer by sales volume, is in the midst of a debt crisis indicative of the Chinese real estate industry as a whole, according to Reuters. Workers at the Country Garden Yunhe Shangyuan project site on the outskirts of the 14 million-person city of Tianjin are saying that they have not been paid for months and that construction has stopped, leaving sites unfinished.
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