# Debt fears around state giant highlight China’s post-property reality

https://mins.news/en/item/128085

- South China Morning Post, 2026-11-04 01:00 UTC
- Economy
- Original: https://www.scmp.com/economy/china-economy/article/3373162/debt-fears-swirling-around-state-giant-shine-light-chinas-post-property-reality

> Concerns about a state-owned conglomerate’s financial health rattled China’s bond market over the past week. Analysts said its difficulties reflect the lasting damage of the prolonged property crisis, as local governments struggle to find sustainable economic support beyond real estate. The company at the centre is Zhuhai Huafa Group, Zhuhai’s largest locally owned state enterprise.