Tag: evergrande
Chinese Real Estate Firms Pressured With Pending Wage Dues and Bond Payments
Property developers in China are facing a tough time financially. Many are unable to pay their suppliers...
7 Ways China Is Destroying Its Own Economy
News analysis In 2021, China’s economy finds itself in chaos. According to its National Bureau of...
Evergrande Fails to Make Overdue Coupon Payments for Bondholders
Chinese real-estate developer Evergrande failed to provide coupon payments to offshore bondholders after...
Premier Li Keqiang Asks Officials to Avoid Communist-style ‘Bureaucratism’ as China’s Economic Crisis
News analysis At a recent meeting in Shanghai, China’s number two statesman provided provincial leaders...
Property Crisis Forcing Chinese State Companies Into Greater Involvement in Land Auctions
The property crisis in communist China is compelling state-owned developers to play a major role at land...
UBS Fund Managers Resign Amidst China’s Property Crisis
The ongoing property crisis in China is pushing many investors into losses. A US$3 billion fund at UBS...
China Dismantling Evergrande From Within to Avoid Worst Case Scenario
China’s Evergrande Group, with on the books liabilities in excess of US$300 billion is on the brink of...
Beijing Asks Evergrande Founder to Use His Money to Pay Back Company Debts
Chinese authorities have asked the founder of Evergrande, billionaire Hui Ka Yan (also known as Xu Jiayin...
Housing Prices Fall in Chinese Provinces, Sector in Trouble
Many Chinese provinces are witnessing a decline in housing prices, something that has happened for the...
China’s Third Quarter GDP Falls Below Expectations, Weakest Growth Rate in a Year
China released its third-quarter GDP numbers and the results are lower than market expectations. According...
Chinese Developers Showing Sign of Weakness Amidst Evergrande Crisis
For the past few months, Chinese real estate firm Evergrande has been one of the focus points of the...
Evergrande Crisis Could Cause a Damaging Domino Effect While Powerful CCP Families Profit
On Sep 22, in an attempt to assure concerned western investors, the Evergrande Group announced that it...