China’s Property Market Crisis Leaves Malaysian Megaproject in Doubt
- By Adam Hancock
The future of a $100 billion development on Malaysia’s coast is in doubt due to growing concerns over the financial stability of its largest backer, China’s Country Garden. The property giant has reported billions of dollars in losses — but insists that its showpiece Forest City project in Malaysia is safe. Adam Hancock has this story from Johor, Malaysia. Camera: Yih Wen Chen.
