China's property downturn spreads to trophy office buildings - Nikkei Asia

HONG KONG/SHANGHAI -- Vacancies are rising in China's most exclusive office buildings as businesses look to reduce rental expenses during the country's disappointing economic recovery.

While the cost-cutting by companies represent a sensible response to tougher times, it threatens to make things worse in China just as growing fears about the property sector have prompted global banks to scale back their forecasts for growth in Asia's largest economy.

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