Chinese property developers have seen their financing channels, both onshore and offshore, dry up over the past month.
While domestic bond sales by property companies have been called off by the government to curb the overheated real estate market, foreign investors are stepping back from developers’ dollar bonds after Donald Trump’s shock win in the US presidential elections.
Last week, Country Garden, one of the country’s largest developers, dropped its offering for a 10-…
Source : South China Morning Post
Read more…Chinese developers hit hard as funding dries up
