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On Wednesday, traders said dozens of dollar bonds sold by Chinese real-estate companies tumbled in price, pushing yields on those bonds higher. The selldown extended sharp declines logged the previous day, reflecting increasing investor pessimism after luxury developer Fantasia Holdings Group Co. failed
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Another Chinese property developer is in crisisAnother Chinese developer fell into crisis after failing to repay a bond, adding to the strains of the nation’s heavily leveraged property firms amid China Evergrande’s debt woes. Pls a RT) At a press conference, a presidential candidate of the ruling party suspected of being the head of a real estate corruption crime said, 'Then, did Nobel do the 911 terrorist attacks?' thanks That is what happens when you build big complexes without tenants.
Source: latimes - 🏆 11. / 82 Read more »
Chinese property developers' ability to repay debt hits decade lowEven before China Evergrande Group's debt crisis sent the country's property sector into a tailspin, Chinese property firms were struggling to earn enough to make interest payments on their debt, data showed.
Source: Reuters - 🏆 2. / 97 Read more »