CNBC: Chinese developer misses bond payment as stress spreads beyond Evergrande crisis
On the heels of Evergrande's debt crisis, there are increasing signs of stress in China's property market after one developer failed to make a bond payment on Tuesday.
Ratings agencies have downgraded Chinese developers Fantasia Holdings and Sinic Holdings over risks from their strained cash flow situations.
https://www.cnbc.com/2021/10/05/chi...or-fantasia-sinic-amid-evergrande-crisis.html
Reminds me of the previous crisis.
The Guardian News: China?s factory activity in shock slowdown as energy crisis hits home
China?s factory activity has shrunk unexpectedly amid curbs on electricity use and rising prices for commodities and parts, raising more concerns about the state of the world?s second biggest economy.
https://www.theguardian.com/world/2...-in-shock-slowdown-as-energy-crisis-hits-home
On the heels of Evergrande's debt crisis, there are increasing signs of stress in China's property market after one developer failed to make a bond payment on Tuesday.
Ratings agencies have downgraded Chinese developers Fantasia Holdings and Sinic Holdings over risks from their strained cash flow situations.
https://www.cnbc.com/2021/10/05/chi...or-fantasia-sinic-amid-evergrande-crisis.html
Reminds me of the previous crisis.
The Guardian News: China?s factory activity in shock slowdown as energy crisis hits home
China?s factory activity has shrunk unexpectedly amid curbs on electricity use and rising prices for commodities and parts, raising more concerns about the state of the world?s second biggest economy.
https://www.theguardian.com/world/2...-in-shock-slowdown-as-energy-crisis-hits-home