China’s US dollar-denominated high-yield bonds, dominated by property debt, have landed investors a 22 per cent loss so far this year, after a 33 per cent slump in each of the past two years, according…
PROPERTY
China’s property crisis won’t be solved by just treating symptoms
As 2024 approaches, few questions loom larger than whether China can overcome the property crisis that risks limiting its long-run economic potential.
Brazen man in China demands US$280 to return lost mobile phone, threatens to delete contents if owner doesn’t pay up
A brazen man in China has been heavily criticised on mainland social media after he demanded US$280 to return a mobile phone he found in a restaurant to its owner.
Three more Signa companies file for insolvency as Moody’s warns on banks
Three more divisions of the European real estate and retail group Signa filed for insolvency on Wednesday, another turn for the worse for the embattled Austrian company that has become the biggest casualty so far…
Moody’s puts China on downgrade warning as growth, property pressures mount
Ratings agency Moody’s slapped a downgrade warning on China’s credit rating on Tuesday, saying costs to bail out local governments and state firms and control its property crisis would weigh on the …
China Debt Outlook: Moody’s Cuts To Negative As Property Crash Continues To Weigh
Ratings agency Moody’s cut its outlook on China’s credit rating to negative on Tuesday, saying the country faces an economic slowdown as it continues to grapple with the fallout from the collapse in …
Moody’s cuts China credit outlook to negative, cites slowing economic growth, property crisis
Credit rating agency Moody’s has downgraded its outlook for Chinese sovereign bonds to negative, citing risks from a slowing economy and a crisis in its property sector …
Moody’s cuts China credit outlook, citing lower growth, property risks
Ratings agency Moody’s on Tuesday cut its outlook on China’s government credit ratings to negative from stable, citing lower medium-term economic growth and risks from a major correction in the …
Moody’s cuts China credit outlook to negative, cites lower growth, property risks
Ratings agency Moody’s on Tuesday cut its outlook on China’s government credit ratings to negative from stable, citing lower medium-term economic growth and risks from a major correction in the country’s vast property sector.
China Evergrande’s Crash Was Accelerated by Questionable Accounting
Blame for the property developer’s downfall has been placed on Chinese lending policies, but poor corporate oversight was hiding in plain sight. By Alexandra Stevenson Alexandra Stevenson, who traveled in China to cover the last…
China Evergrande Avoids a Debt Disaster—for Now
The company was given until late January 2024 to reach a debt restructuring deal after Hong Kong’s High Court postponed a hearing that could have pushed Evergrande into liquidation.
China Evergrande Avoids Liquidation With Yet Another Last Chance
With total liabilities of $327 billion, Evergrande has come to embody the liquidity crisis that has spread across the country’s vast real estate industry, which accounts for 25% of China’s GDP. Since …
Give us our flats! The angry victims of China’s property crisis
I feel the property rights and livelihood rights of the homeowners … They are in good company: a group of dissident netizens began collecting data on boycotts across China in June 2022, revealing …