Country Garden largest property developer in China taking hits with Beijing rate adjustments.
I have a legitimate question I do not have an answer to. Why if China has the ability to purchase so much of US debt do their big property developers have to seek foreign credit.
And, like Evergrande, Country Garden has also relied heavily on access to funding in the offshore credit market; actually not just Evegrande but virtually all developer
Are we watching a repeat of the property valuations flip the Japanese suffered in the 80’s?
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I have a legitimate question I do not have an answer to. Why if China has the ability to purchase so much of US debt do their big property developers have to seek foreign credit.
And, like Evergrande, Country Garden has also relied heavily on access to funding in the offshore credit market; actually not just Evegrande but virtually all developer
Are we watching a repeat of the property valuations flip the Japanese suffered in the 80’s?