We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By continuing to use our site, you accept our use of Cookies, revised Privacy Policy and Terms of Use.
  • Edit

China’s Real Estate Financing Crunch

2020-09-30 04:22
China Evergrande, The country's largest real estate investor by sales volume is under pressure. Late last week investors dumped its bonds and shares after a document circulated on social media that said it was struggling financially. The letter asked the provincial government to back a company restructuring proposed by EVERGRANDE. Or else it's financial failure could pose a systematic risk to the Chinese economy. The company says the letter is fake but doubts remain. I asked James Gorrie about it today. He wrote "The China Crisis" which analyzed the weaknesses in the Chinese economy and predicted it's much more fragile than many think. I asked him his thoughts on the Evergrande news.