Chinese property developers’ cash flow plunges. It’s down 24 percent through July year-on-year, according to a lead economist at Oxford.
Total funding as of July 2022 was down 5 trillion yuan ($730 billion) compared to the same time last year. The drop in cash flow comes as China’s property sector faces a slew of issues such as defaults and Chinese citizens refusing to make mortgage payments.
NTD spoke with Brian McCarthy, chief strategist at Macrolens, to learn more.