China's Developers Face Hard Times In Credit Crunch

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China's Developers Face Hard Times In Credit Crunch

Source: CBS News
URL: http://www.marketwatch.com/news/story/chinas-developers~

Earnings Watch latest news China's developers face hard times in credit crunch By Chris Oliver , MarketWatch Last update: 2:58 p.m. EDT May 9, 2008 Print E-mail Disable Live Quotes HONG KONG (MarketWatch) -- U.S. homebuilders aren't the only ones reelingfrom the credit squeeze. Developers in China are also feeling the pinch from tighter lending standards and the swing from a seller's to a buyer's market. Though the woes have little to do with subprime, developers are facing a similar shift in market...

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