Numbers don’t lie, you just need to be looking at the right ones. That’s the problem for investors searching for the next trouble spot in the Chinese real estate sector as industry giant China Evergrande Group 3333.HKlumbers towards what is expected to be the country’s largest-ever corporate default. The figures on the books sometimes don’t .
"Nearly every developer has borrowings in disguise. The sector's debt problem is worse than what you see," said He Siwei, an attorney at Hui Ye Law Firm.
Numbers don't lie, you just need to be looking at the right ones. That's the problem for investors searching for the next trouble spot in the Chinese real estate sector as industry giant China Evergrande Group lumbers towards what is expected to be the country's largest-ever corporate default.