(FT) -- The outlook for the Chinese property development sector was downgraded to negative by Standard & Poor's on Wednesday, as the rating agency pointed to worsening credit conditions and the likelihood of a fall in transaction volumes.
The downgrade comes as analysts warn of a potential impending "price war" among property developers starved of cash by Beijing's efforts to rein in the red-hot residential property sector
The downgrade comes as analysts warn of a potential impending "price war" among property developers starved of cash by Beijing's efforts to rein in the red-hot residential property sector
