Eswar Prasad, Fortune – 6 October 2021 Speaking of the collapse of China’s property giant Evergrande, this article on Fortune states “as implicit guarantees of debt or equity disappear, and as Beijing continues its frontal assault of some of its most prominent companies, investments in China now seem a highly risky proposition”. Read the full…
Samuel Shen, Marc Jones and Claire Jim, Reuters – 21 October 2021 As China Evergrande Group trudges on to what looks like the country’s biggest ever corporate failing, this article on Reuters analyses what lies beneath: the hidden debt fears feeding China’s property woes. Read the full article here.
Matthew Brooker, Bloomberg – 21 October 2021 “Some things are so predictable you could almost set your watch by them” according to this opinion article on Bloomberg: China’s planned property tax has been met with resistance from Communist Party leaders, who say that the drastic alterations to the underlying dynamics of the real estate industry…
Alexandra Stevenson and Cao Li, The New York Times – 21 October 2021 How could a property giant’s failure affect China’s economy? According to this article on The New York Times, “Panic from investors and home buyers could spill over into the property market and hit prices, affecting household wealth and confidence. It could also…
