Fears of hidden debt deepen China's property sector woes
"Nearly every developer has borrowings in disguise. The sector's debt problem is worse than what you see," said He Siwei, an attorney at Hui Ye Law Firm.
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"Nearly every developer has borrowings in disguise. The sector's debt problem is worse than what you see," said He Siwei, an attorney at Hui Ye Law Firm.
SHANGHAI/LONDON--Numbers don’t lie, you just need to be looking at the right ones.
The Evergrande crisis has shone a spotlight on other property companies struggling with debt
Numbers don't lie, you just need to be looking at the right ones. That's the problem for investors searching for the next trouble spot in the Chinese real estate sector as industry giant China Evergrande Group lumbers towards what is expected to be the country's largest-ever corporate default.
China’s property sector policy has exposed the grim financial condition of real estate developers including those operating in Cambodia, which raises questions over the viability of their projects and business going forward