Dragging out bad news rarely makes it better. The same applies to China’s slow-motion property-market crisis. Housing developer Sunac this week said it would try to restructure its debts for the second time in 18 months. Nearly five years since Beijing tried to rein in overstretched builders, the sector’s debt doom loop is edging only slowly towards resolution.
拖延坏消息很少能让情况好转。这一规律同样适用于manbetx3.0 的“慢镜头”房地产市场危机。房地产开发商融创(Sunac)本周表示，它将尝试进行18个月来第二次债务重组。北京方面试图遏制过度扩张的建筑商近五年后的今天，该行业的债务恶性循环只是在缓慢地走向解决。
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