Critical Debt Levels of Chinese Property Developers Threaten DomesticFinancial Stability and Global Growth
SINGAPORE, Aug. 21, 2017 /PRNewswire/ — A report on China’s residential real estate market released by the Royal Institution of Chartered Surveyors (RICS) indicates that debt levels among mainland Chinese residential property developers have accumulated to new historic levels since the onset of the Global Financial Crisis. China’s unprecedented expansion in debt, in terms of …