What is it really like on the ground in China as the country’s economy hurtles into freefall? Alexander Peace joins developer ABP for a tour of its biggest schemes
Stepping into a private jet with ABP’s Xu Weiping, entrepreneur and Chinese property developer on a grandiose scale, you could be forgiven for forgetting that the Chinese market is in crisis.
But only last week the government cut interest rates for the fifth time since November 2014, and a short time before that it devalued the yuan by a further 3% to stimulate the economy.
But it is all smiles and small…