Tag: Uglier

China’s property crisis could get even uglier. This time, a state-backed developer is the one raising concerns.

China’s years-long property crisis could get worse. There are concerns over Vanke amid reports the state-backed property developer was seeking debt maturity extensions. If Vanke defaults, it could undermine confidence in all property developers in China. China’s years-long real-estate debt crisis has already taken down property giant Evergrande, which is undergoing liquidation. Home sales and […]

China’s $6.3 Trillion Stock Selloff Is Getting Uglier by the Day

(Bloomberg) — Chinese stocks just capped another dismal week, with a gauge of mainland firms listed in Hong Kong languishing at the bottom of global equity index rankings for the year so far. Most Read from Bloomberg Grim milestones have kept piling up in recent days: Tokyo has overtaken Shanghai as Asia’s biggest equity market, […]