Property
State-owned conglomerates lead prime projects while the private sector faces challenges.
The Shenzhen project, named Marivista, is a joint venture between state-owned conglomerates China Merchants Group and China Resources. (Photo by Wataru Suzuki)
SHENZHEN — State-backed property developers are driving a construction surge in southern Shenzhen, even as the private sector feels the impact of renewed market weakness.
