SHANGHAI, Oct 25 — The spillover effect of Chinese real estate companies’ debt default risks to the financial industry is generally controllable, state media said today, as concerns continue to loom over China Evergrande Group. The comment was published in a Xinhua question and answer piece on...
SHANGHAI, Oct 25 — The spillover effect of Chinese real estate companies’ debt default risks to the financial industry is generally controllable, state media said today, as concerns continue to loom over China Evergrande Group.
The article, which did not directly name China Evergrande , said property companies were facing debt default issues due to poor management and a failure to adjust their operations to market changes.
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