Xi Jinping jackboot crushes Chinese property bubble

We need a new website to start tracking this. I suggest the URL www.fuckeddeveloper.com. It’ll be a smash hit for the next few years:

Moody’s Investors Service, Fitch Ratings and S&P Global Ratings have cut Chinese builders’ ratings a combined 91 times through Sept. 30, triple the number of this year’s upgrades. That’s already a record full-year count of downgrades.

China Evergrande Group remains in the spotlight, with some holders of dollar bonds with interest payments due Monday saying they had yet to receive them. The latest payment uncertainties came after the embattled firm missed initial coupon deadlines for two other offshore bonds last month.

There are 2126 words left in this subscriber-only article.

Get your first month for $1

Comments are hidden for Membership Subscribers only.