Property Stocks In China Are Stumbling Due To Tax Concerns And Other Signals Of Instability
Property stocks in China slumped today as Beijing pressed ahead with plans for a property tax and new evidence of real estate market weakness emerged. However, the central bank’s efforts to assuage worries over China Evergrande Group’s (3333.HK) debt troubles, as well as Chinese developer Kaisa Group’s (1638.HK) coupon payment for a dollar bond, helping to …