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12-02-2025, 03:51 PM
Quote
Hong Kong Developer New World Bond in distress
It was the moment China’s leaders finally blinked.
After four years of standing by as property developers like China Evergrande Group spiraled into default, Communist Party officials decided in late January that China Vanke Co. — one of the country’s last surviving real-estate giants — was, for now at least, too big to fail. With Vanke’s bond prices collapsing and its warning of a first annual loss of a record $6.2 billion, officials from the developer’s hometown in Shenzhen stepped in to take operational control and shore up funding
https://www.bloomberg.com/news/features/...ckout=true
Hong Kong Developer New World Bond in distress
It was the moment China’s leaders finally blinked.
After four years of standing by as property developers like China Evergrande Group spiraled into default, Communist Party officials decided in late January that China Vanke Co. — one of the country’s last surviving real-estate giants — was, for now at least, too big to fail. With Vanke’s bond prices collapsing and its warning of a first annual loss of a record $6.2 billion, officials from the developer’s hometown in Shenzhen stepped in to take operational control and shore up funding
https://www.bloomberg.com/news/features/...ckout=true
Trading Economics: In China, employed persons refer to who performed some work for one hour during the reference period.
