The economically acceptable limits of a Chinese property downturn
May 15, 2014 Leave a comment
Won’t somebody think of the property developers?
David Keohane | May 09 09:44 | 1 comment | Share
And so it goes, from Nomura’s Zhiwei Zhang:
Today’s 21st Century Business Herald reports that in Jiangsu Province the Rongchen Property Development Co. Ltd. defaulted on a RMB100m trust product that came due last August. The paper says that as yet the principal and interest have not been fully paid.



