Unpaid workers, silent sites: Property woes hit Country Garden

Once considered one of the more financially sound developers, Country Garden is now a bellwether of how the cycle has turned for developers. — Reuters

SHANGHAI: At an unfinished Country Garden residential complex on the outskirts of the northern Chinese metropolis of Tianjin, construction has slowed, and a few idle workers roam a near-empty site.

“They haven’t paid us since Chinese New Year (in January). We are all worried,” said a worker, surnamed Wang, 50, who said he stopped working at the Yunhe Shangyuan site last week.