Debt reduction will be a top priority for Chinese developers until 2023 and many of them are actively taking steps to lower their liabilities as they do not want to come under further scrutiny from regulators who are determined to improve the sector’s financial health, say analysts.With most developers reducing borrowings and trimming debt, market observers also expect mainland Chinese real estate companies to be less aggressive in their expansion plans as their profit margins have been…
Source : South China Morning Post
Read more…Chinese developers to focus on debt reduction until 2023 to meet ‘three red lines’ deadline















