Wall Street Journal (August 12)
“The political world has finally awakened to China’s economic woes…. The evidence has been building for years that much of China’s economic growth was a debt-inflated bubble, and this week another Chinese property developer defaulted on some of its debt.”
Tags: Awakened, Bubble, China, Debt-inflated, Defaulted, Economic woes, Evidence, Growth, Political world, Property developer
Financial Times (January 28)
“Oaktree Capital is risking a showdown with Beijing over control of one of ailing property developer Evergrande’s most-prized projects in mainland China.” Seizing “the Venice development could have a profound effect on the wider restructuring of Evergrande, the property developer that has scrambled to reassure its creditors since its finances started to unravel last year.”
Tags: Ailing, Beijing, China, Control, Creditors, Evergrande, Oaktree Capital, Property developer, Restructuring, Risking, Showdown, Venice development
Sydney Morning Herald (December 6)
“The crisis at the teetering giant Chinese property developer, China Evergrande, appears to be reaching a decisive moment, with the world’s most indebted property company conceding that it may be unable to meet the demand for repayment.”
Tags: China, Crisis, Decisive moment, Evergrande, Indebted, Property developer, Repayment, Teetering, Unable
