GREY:NEVDQ - Post by User
Post by
bogfiton Aug 01, 2022 9:33am
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Post# 34863889
Ever hear the one about Lehman Bros.?
Ever hear the one about Lehman Bros.? China's real estate sector, which accounts for about a third of the world's second biggest economy, faces a major cash squeeze.
A series of debt defaults involving several of the country's heavily indebted developers has spooked investors who fear contagion in the sector.
China's property crisis is estimated to have wiped more than a trillion dollars off the value of the sector last year.
Evergrande: Unit ordered to pay $1.1bn over unpaid debt - BBC News
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