When Chinese developers go bust, how will it affect us? After Evergrande, this Tuesday (September 19) another leading China property developer Sunac filed for Chapter 15 bankruptcy protection in the US. The country’s second largest developer Evergrande is estimated to be US$340 billion in debt. The company lost US$81 billion last year. Similarly, China’s biggest… [read more]
The post How will bankruptcy of Chinese developers affect us appeared first on Property Soul.
