At first, capital controls cut off funding. Now the coronavirus gets in the way of the money-losing sale it could finally line up.
How China’s crackdown on debt and capital flight pulls the rug out from under mega-real-estate projects.
Construction Halts on LA’s Chinese-Owned $1-Billion Oceanwide Plaza; Fretting Starts about $1.6-Billion Oceanwide Center in San Francisco.
What happens to prices when the biggest, reckless buyer walks away?
The fear of further yuan devaluation.
Two treacherous forces, with impeccable timing.
China’s “impossible trinity.”