News Analysis China’s big property developers are increasingly weak, and through the pressure of local officials, unloading risk onto the country’s financial system and Beijing itself. Business news about China’s property developers on March 29 demonstrates multiple new fissures and risks in China’s already lagging economy. The Financial Times revealed that the West’s Big Four accounting firms are abandoning many of their long-prized Chinese property developer clients due to the latter’s failure to file audited annual financial results by the deadline. In March, the embattled property developer China Evergrande was one of the companies that announced it would miss its deadline in Hong Kong. “International auditors are resigning from China’s heavily indebted property developers as a wave of delayed financial results has increased uncertainty over the full scale of the sector’s worst-ever crisis and raised the threat of hidden debts,” according to the article by Thomas Hale and Tabby Kinder. …