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Chinese developers face US$38 bn RMB & dollar bond payments due over the next 4 months

Dealogic data cited by media reports on the cascade of debt payments due in the near term. A prolonged slowdown has hit housing prices amid collapsing sales and delays to the construction of new apartments. The government has stopped short of any bailouts, but its approach is being closely watched as more and more repayments come due. This from earlier:Chinese authorities have asked Citic, CCB to help stabilize struggling shadow bankI posted earlier on some green shoots that might be emerging f... Read More

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Content Topics

Chinese

Developers

Face

Us

38 Dollar

Bond

Payments

Over

Months

Forex

Posted: Aug 30 2023, 23:30

Author Name: forexlive

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