(Bloomberg) One of China’s most closely watched property firms warned of a funding shortfall just days before a key dollar-bond payment, fueling fresh investor concerns about credit risk in the world’s second-largest economy as growth sputters.Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraSingapore House Speaker Resigns in New Blow to Ruling PartyRussia Derails Danone, Carlsberg Exits by Seizing AssetsIsrael Quietly Embeds AI Systems in Deadly Military Operat
they still owe $300 billion to all kind of lenders around the world, this week theyjust managed to push back another crucial deadline for an onshore bond repayment to thursday. if they missed that, that would be a big deal because as of now they have not yet defaulted on a domestic chinese repayment, missing that would cause all kinds of problems. then you have so many other smaller property firms in china, too many to mention really, i m just going to say that this week alone, firms in the chinese property sector need to make a total of $1.5 billion in repayments, this week alone. and everyone is looking at the chinese government, because it was their decision to impose curbs on borrowing for these firms, which in part to precipitate this crisis in the first place, so everyone is asking, other going to step in? and if so, how far are they willing to step into and abate this crisis. this crisis. thank you nick marsh, with this crisis. thank you nick marsh, with the this crisis. th
this is bbc news with the latest headlines for viewers in the uk and around the world. china hits back at a historic security pact between the us, uk and australia, describing it as extremely irresponsible and narrow minded . one of china s biggest property firms is drowning in billions of dollars of debt. we ll explain why this is bad news for the global economy. ireland s ambassador to the us tells this programme.. why americans s travel ban on you european visitors need to be rethought. brute european visitors need to be rethought european visitors need to be rethou:ht. ~ ., , rethought. we haven t seen the band bein: rethought. we haven t seen the band being dropped. rethought. we haven t seen the band being dropped, which rethought. we haven t seen the band being dropped, which is rethought. we haven t seen the band being dropped, which is where - rethought. we haven t seen the band being dropped, which is where i - being dropped, which is where i would like to see