Today news
About the same in other media
18.11 - 15:21
China's property market could see more pain, even as Evergrande crisis seems to be abating
Reading now: 137
cnbc.comBEIJING — Worries about Chinese real estate developers' high debt levels have rattled investors despite signs that property giant China Evergrande may be making progress on resolving its debt problems.
It's an indication of further pain to come in China's property market, analysts told CNBC.
Since late summer, global investors have watched for Evergrande's ability to stave off official default — and are concerned about whether the fallout might spread to the rest of China's real estate industry.
Other major developers have also reported liquidity problems in the last several days.
Chinese property stocks trading in Hong Kong mostly fell last week. Evergrande was among the least affected and lost about 1.3% for the week.
On the debt front,
Read more on cnbc.comAbout this in other media
China slams U.S. democracy as a 'game of the rich,' at an event promoting Xi's growing power cnbc.com /3 years ago
Evergrande swerves default again as Chinese developers rally fnlondon.com /3 years ago
Did conflicting reports about Evergrande defaulting cause Bitcoin to tank? cointelegraph.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
