Notice: Trying to access array offset on value of type bool in /home/xtreme/public_html/wp-content/plugins/buddypress/bp-core/bp-core-avatars.php on line 1672

Notice: Trying to access array offset on value of type bool in /home/xtreme/public_html/wp-content/plugins/buddypress/bp-core/bp-core-avatars.php on line 1672
china debt crisis – XtremeCuztoms

Tag: china debt crisis

For China, Default Is the Only Way Out

The China debt crisis led by the real estate bubble burst will be unprecedented. Even a single major developer could have a trillion Yuan (US$145 billion) debt; the overall total will be a mystery. Yet, we can still have a very vague idea about how significant the debt is by doing some basic arithmetic. Life…


Debt Crisis Looms as China’s Housing Market Continues to Slump

The deepening debt crisis at Chinese developers like Evergrande Group, along with Beijing’s efforts to rein in property speculation, has stifled housing demand and hit the country’s economy. The output from the real estate sector fell 2.9 percent year-on-year in the fourth quarter, according to a supplemental report from the National Bureau of Statistics (NBS) on…


Evergrande’s Major Shareholder Projects Over $1 Billion Loss

Chinese Estates Holdings, the second-biggest shareholder of Evergrande, projected a loss of over $1 billion this year after selling out the entire stake of the debt-ridden developer. China Estates announced on Thursday that it recently reduced its stake in Evergrande to about 5.7 percent from nearly 6.5 percent. It was seeking shareholder approval to sell the remainder. …


China Faces Debt Crisis as More State-owned Enterprises Default on Loans

News Analysis The debt crisis of China’s state-owned enterprises (SOEs) has been deepening since 2020. Beijing has recently issued a report to address the issue as several SOEs have defaulted on loans in recent months. The State Council of China recently issued the report “The Guideline on Enhancing Debt Risk Control of Local State-owned Enterprises”…