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Tag: Property developers
From Evergrande to Country Garden: How China’s Property Titans Mirror Broader Economic Woes
As the world's second-largest economy continues to brace against significant stress in its property sector...
A woman wears a protective mask as she walks past the People's Bank Of China (PBOC) on Financial Street, April 17, 2020 in Beijing, China. China's gross domestic product (GDP) stood at 20.65 trillion yuan (about 2.91 trillion U.S. dollars) in the first quarter of 2020 amid COVID-19 impact, down 6.8 percent year on year, according to data from the National Bureau of Statistics (NBS).
China Gave Out A Record $3.14 Trillion in New Bank Loans
Data released by the People’s Bank of China (PBOC) on Jan. 10 showed that China’s new yuan loan lending...
Evergrande, China's largest property developer, is facing a liquidity crisis with total debts of around $300 billion. The problems faced by the company could impact China’s economy, and the global economy at large.
Chinese Property Developers Owe $173 Billion in Wages in January
Property developers in communist China faced major problems in 2021. Plagued by several issues like the...