Chinese developer trouble deepens

Ever since China installed its “three red lines” policy early this year, there have been increasing signs of stress in China’s mega-development sector. Floor area starts have dropped sharply, equity markets have punished the sector and credit markets begun to tighten the noose on the more freewheeling names.

That process continues today as Chin’s greatest and most rogue developer, Evergrande, slides towards deeper crisis. Its equity has halved in six months:

There are 1266 words left in this subscriber-only article.

Start your free 14-day trial today!

Comments are hidden for Membership Subscribers only.