As the West starts to search out its ft with financing for its infrastructure, it will be a pity if the largesse was used to compete with China, when the worldwide scale of the challenge calls for cooperation. Municipalities have been directed to drop a 15 per cent price premium on land gross sales, which fell 80 per cent in 2022 and 33 per cent this year. Chinese developer Country Garden Holdings was deemed to be in default on a dollar bond for the primary time ever, and the company is now doubtless headed for what would be one of …