China’s Real Estate Financing Crunch

NTD Newsroom
By NTD Newsroom
September 30, 2020NTD Business
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China Evergrande, China’s largest real estate investor by sales volume, is under pressure. Late last week, investors dumped its bonds and shares after a document circulated on social media that said it was struggling financially. The letter asked the provincial government to back a company restructuring proposed by Evergrande.