Via Metal Miner
The recent liquidation order by a Hong Kong court of debt-ridden Chinese property giant Evergrande has once again raised that dreaded question: is China’s economy a ticking time bomb? It is a question experts continue to ask
Tag: Chinas
Real Estate Crisis Triggers New Alarms Over China’s Shadow Banks
An accountant in northeast China deposited her life savings and received a letter guaranteeing her investment in a trust firm. Workers at a state-owned utility pooled money from friends and relatives believing that their investments were backed by the government.
China‘s property sector is world’s ‘most important’ industry, says Fitch’s James McCormack
China’s property sector is continuing its yearslong crisis, as giant developers risk default and home prices continue to sink, perhaps by more than what official data suggests.
Real estate constitutes about 30% of China’s GDP, making it the single biggest