It’s bad enough that China’s shakiest real estate firms are going to be creating big losses and not just for other Chinese financials. Now comes word the last remaining investment grade developer is rumored to be experiencing liquidity trouble, too. It is a sign of further progress – in the wrong direction. We need to understand what it means when Beijing is this impotent.
Eurodollar University’s Money & Macro Analysis
Bloomberg Two of China’s Strongest Developers Face Ratings Cuts by Moody’s
https://www.bloomberg.com/news/articles/2023-09-22/chinese-builders-vanke-jinmao-face-possible-moody-s-downgrade
Bloomberg China Vanke Shares, Bonds Hit New Lows on Debt Worries
https://www.bloomberg.com/news/articles/2024-03-04/china-vanke-shares-bonds-slump-on-mounting-debt-worries
Bloomberg Chinese Insurers Warn of Debt Risks at Property Giant Vanke
https://www.bloomberg.com/news/articles/2024-03-04/china-s-top-insurers-warn-of-vanke-risks-amid-debt-delay-talks
Bloomberg China’s Property Crisis Is Starting to Ripple Across the World
https://www.bloomberg.com/news/articles/2024-02-09/china-s-real-estate-crisis-is-starting-to-ripple-across-the-world
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