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Evergrande defaulted on over $1 2 billion worth bond debt: Fitch

Two major Chinese property firms have defaulted on $1.6 billion worth of bonds to overseas creditors, Fitch rating agency said Thursday, as contagion spreads within the country's debt-ridden real estate sector. The Chinese government sparked a crisis within the property industry when it launched a drive last year to curb excessive debt among real estate firms as well as rampant consumer speculation.

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S&P Global: Evergrande default inevitable

S&P Global Ratings has warned that Evergrande's default is “inevitable” as China’s property market dilemma intensifies.

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China′s economy: What next for the Asian powerhouse? | Business | Economy and finance news from a German perspective | DW

China's post-COVID recovery has been hurt by Beijing's crackdown on real estate and tech giants. Strong exports have, until now, saved the economy but what happens when global demand for Chinese goods abates?

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Real estate groups in China Fantasia, Sinic, and most recently Modern Land have missed their interest payments on the issued dollar bonds

Real estate groups in China Fantasia, Sinic, and most recently Modern Land have missed their interest payments on the issued dollar bonds
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China To Introduce Property Tax In Select Regions: Will It End Practice Of Local Governments Expropriating Land From Farmers And Giving To Real Estate Developers?

China To Introduce Property Tax In Select Regions: Will It End Practice Of Local Governments Expropriating Land From Farmers And Giving To Real Estate Developers?
swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.

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