Goldman Sachs is investing in Chinese real estate debt, even as that debt is currently one of the most battered assets in global financial markets.
The debt crisis and escalating default risks threatening China Evergrande Group, China Properties Group, and Sinic Holdings are creating enormous problems for the nation’s real estate sector. But the U.S. investment titan believes that the market is overestimating a contagion risk, which is producing a wide range of opportunities.
