(Bloomberg) — China’s indebted developers are struggling to meet Beijing’s tighter financing rules.
Most Read from Bloomberg
Two-thirds of the top 30 Chinese property firms by sales ranked by the China Real Estate Info Corp. have breached at least one of the metrics known as the “three red lines,” Bloomberg-compiled data showed as of Oct. 29.
Developers are facing rising financial stress as stricter rules around borrowing and a deleveraging campaign by authorities weigh on the sector….
Source link
