Chinese property crisis intensifies as mortgage boycotts rise
New data from Citi Group reveals the number of distressed mortgages in China has surged to new all-time-highs as the number of mortgage boycotts increases.
Browsing Tag
China Evergrande
China’s losses are real and someone needs to pay
China's real estate crisis has pushed the nation's economy to the edge of a cliff and it's time to decide who will stop it falling.
China Evergrande: Subprime on steroids, or crisis averted?
Inside the collapse of China Evergrande. A complete overview of how it has unfolded, the major developments, and where to from here?
China ‘collapse’ could trigger brutal U.S. sell-off
The Chinese economy is experiencing a "near-complete collapse" that could have "serious consequences" for the United States, according to a real estate investment analyst.
Evergrande ‘ghost factory’ exposed by furious mob
A new video has exposed more issues for China Evergrande, with customers of its auto arm angered to find the factory building their cars is empty.
Middle class rising: How China Evergrande has propelled social unrest
In the wake of some of the most challenging economic conditions seen in decades, China's middle class is demonstrating a level of defiance that has arguably never been seen in the country's modern history.
Evergrande Property Services to ‘introduce state-owned enterprises’
Evergrande Property Services will "introduce state-owned enterprises", according to a new report from Chinese media.
Evergrande fined just $7k for failing to pay staff
Embattled Chinese real estate giant China Evergrande has been let off lightly after failing to pay the wages of 64 employees.
One in five Chinese developers could be insolvent – S&P
The extent of China's real estate crisis has been laid bare by a leading ratings agency, which has made a startling estimation of how many developers are now unable to pay their debts.
DEBT DISASTER: Evergrande suppliers release explosive joint letter
EXCLUSIVE: Major suppliers of Chinese real estate giant Evergrande have announced they will suspend loans and stop work in a move that could signal trouble for the global economy.