China’s Property Curbs Send Economic Tremors

Beijing’s pressure on the real-estate sector is being felt far beyond China Evergrande Group , raising questions about how much economic pain China’s leaders are willing to stomach as they rein in yet another industry.

The turmoil at Evergrande, which spans street protests as well as collapsing prices for its stock and bonds, is the most visible sign of the worsening climate for Chinese property developers. Credit markets are also pricing in significant default risks for some smaller rivals, such as Fantasia Holdings Group Co. and Guangzhou R&F Properties Co.

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