Chinese Real Estate Developer Kaisa’s Debt Defaults Reflect CCP Infighting: Expert
Guo Yingcheng (center) , the chairman and co-founder of Kaisa Group, at the company’s interim results meeting, on Aug. 29, 2017. Guo Weili/The Epoch Times
Investors of Kaisa Group, one of China’s most active real estate developers, onNov. 3 received a notice of overdue debt defaults from the company. A similar default happened one month earlier with another real estate developer, Fantasia Holdings.
Kathleen Li
Author
Kathleen Li has contributed to The Epoch Times since 2009 and focuses on China-related topics. She is an engineer, chartered in civil and structural engineering in Australia.
