Chinese developers are working hard to strengthen their land holdings, but the industry’s creditworthiness is paying the price. The average probability that builders will renege on their obligations in the next year is 0.87 percent, according to the Bloomberg Default risk model. This is three times as high as in the technology industry, and roughly 75 percent of developers saw their default risk climb in the past year. Chinese companies have focused on acquiring debt […]
source https://therealdeal.com/2018/06/22/chinese-builders-at-increasingly-high-risk-of-default/
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