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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. ....
Chinese real estate developers have used off-balance-sheet vehicles to borrow money. Nearly every developer has borrowings in disguise. – Investment Watch investmentwatchblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentwatchblog.com Daily Mail and Mail on Sunday newspapers.