The Chinese regime feeds the housing bubble because the real estate industry has become the lifeline of the economy.
The Chinese property developer Kaisa Group Holdings LTD. boldly promises to “bring you joyful living.” For some of its international bond holders, the reverse seems to be the case as two of its U.S. dollar bonds officially defaulted on April 20.
Chinese officials are trying to head off a seemingly inevitable real estate slump.
The Chinese regime feeds the housing bubble because the real estate industry has become the lifeline of the economy.
The Chinese property developer Kaisa Group Holdings LTD. boldly promises to “bring you joyful living.” For some of its international bond holders, the reverse seems to be the case as two of its U.S. dollar bonds officially defaulted on April 20.
Chinese officials are trying to head off a seemingly inevitable real estate slump.