Why is Midea's real estate not developed in Handan?

The funds are cut off.

Handan property market, which was originally known for its stability, has seen several cases in recent months in which developers ran away or stopped working, resulting in the failure of Midea real estate to develop in Handan.

Midea Real Estate is a subsidiary holding company of Midea Group, so it belongs to Midea Group. Midea Group focuses on real estate development, and its business scope covers: real estate development management, commercial property management, cultural tourism, smart home and so on.