At a glance, Chinese developers’ earnings appears promising, but a closer look shows their ability to refinance debt is at its lowest point in three years and has more than halved in the past year. Profit levels among the 10 largest Chinese developers increased an average 75 percent in the first half of 2018, compared to the same time last year, while gross margins reached a six-year high of 32.8 percent, according to Bloomberg. But […]
source https://therealdeal.com/2018/09/05/chinese-developers-may-see-soaring-profits-but-theres-another-metric-investors-should-watch/
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