Chinese Property Developers Implode—-$55 Billion Debt Cliff Dead Ahead
via Zerohedge: Earlier this month, when we reported that in the latest warning about China’s housing sector, the Communist Party’s People’s Daily warned that China’s regional economies need to reduce their reliance on the property market for growth and instead focus on sustainable longer-term development, we wondered if “something was afoot with China’s housing sector.” … Read more