China debt crunchNew guidelines call for shift away from presales before units are builtA man walks past unfinished residential buildings developed by China Evergrande Group on the outskirts of Shijiazhuang, in China's Hebei province, in February 2024. © ReutersAugust 28, 2026 22:04 JSTBEIJING (Reuters) -- China on Friday issued guidelines for local governments to reform their housing sales system, requiring a shift towards the sale of completed housing units to curb delivery risks as Beijing seeks to stabilize the crisis-hit property sector.