Chinese Property Developer's Debt Struggle Rattles Investors More The Associated Press A man walks by a map showing Evergrande development projects in China, at an Evergrande city plaza in Beijing, Wednesday, Sept. 15, 2021. One of China's biggest real estate developers is struggling to ...
Kaisa is the second-largest offshore debt issuer among Chinese developers after China Evergrande Group and in 2015 became the first among its peers to default on dollar bonds. Many Chinese property developer have defaulted since the sector slipped into a debt crisis in mid-...
This latest financial blow comes as Greenland struggles under a debt burden of 930 billion yuan. Amid this crisis, three state-owned construction enterprises associated with Greenland—Xi'an Construction Engineering, Guangxi Construction Engineering, and Tianjin Construction Engineering—have already default...
This crisis has intensified in recent weeks as homeowners across the country began refusing to pay their mortgages because of stalled projects and unfinished homes. The country’s real estate woes threaten to upend its social stability—China’s middle class has long relied on property as its ...
This latest financial blow comes as Greenland struggles under a debt burden of 930 billion yuan. Amid this crisis, three state-owned construction enterprises associated with Greenland—Xi'an Construction Engineering, Guangxi Construction Engineering, and Tianjin Construction Engineering—have already default...
GENEVA, June 15 (Xinhua) -- Amid warnings that China may face a financial crisis induced by its debt burden, an economic expert said Wednesday that a number of factors make this scenario unlikely. "Economists have often used such adjectives as 'neck breaking' and 'breath-taking' to describe...
economic crisis is still threateningthedebtsustainability in some developing countries, inter alia, through its impact on the real economy and the increase in borrowing undertaken in order to mitigate the negative impacts of the crisis, and in that regard called upon all Governments to promote and ...
Chinese city triggers debt-crisis alarmKeith B Richburg
In recent years, the rapid escalation of China’scredit-to-GDP ratiohas been watched keenly by the investment community. Many predict that a debt crisis in the country would be the next big event that would bring down the world economy and global financial markets. I disagree.China’s domesti...
What kind of a debt haircut is needed to save a fly-by-night property developer that lacks cash flow, equipment, and property? It’s impossible to say, so “more than one” is a reasonable answer. Averting each short-term liquidity crunch won’t solve a solvency problem but it kicks th...