For two years, bad news has kept piling on for Chinese property developers. The nation’s worsening credit crisis has led to defaults, failure to deliver homes on time and an unrelenting market selloff. Now a new phenomenon has emerged: Builders’ founders are leaving. Longfor Group Holdings Ltd.’s Wu Yajun resigned on […]
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A sudden resignation by the founder and chairwoman of a top Chinese builder has added to concerns over China’s ailing property sector, fueling a further selloff that dragged many securities to record lows. Longfor Group Holdings Ltd., the country’s 10th-largest builder, tumbled in the bond and share markets Monday after billionaire Chairwoman […]
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Business Autos & Transportation Autos Industry End of the road for unprofitable venture that made and distributed the Jeep brand in the world’s biggest auto market Source link Source link
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It took Jacob Rothman two decades to build a Chinese manufacturing business with his friends and family. Now the 49-year-old American executive says customers want him to make some of his grilling tools and kitchen products elsewhere. He knows it isn’t going to be easy. “There’s not a customer that we have that isn’t pressuring […]
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