News Snapshot:
(Bloomberg) -- China’s top developers have asked the government to ease its property-sector crackdown, local media reported, amid growing concerns about the fallout from China Evergrande Group’s debt crisis. Senior managers of 10 firms asked for “moderate” loosening of real-estate policies at a meeting organized by government-linked industry group China Real Estate Association, China Business News reported on its WeChat account. The real-estate division head of the Ministry of Housing and Urban-Rural Development attended, as did companies including Poly Developments and Holdings Group Co., China Vanke Co. and Sunac China Holdings, according to China Business News. The developers’ main requests...
