Chinese Builders Can’t Get Out of Their $111 Billion Debt Quagmire
The most troubled developers could face a second round of restructuring
Buildings under construction at the Inspiring Mansion residential project, developed by China Vanke in Shanghai.
Photographer: Qilai Shen/BloombergWelcome to The Brink. I’m Pearl Liu, a reporter in Hong Kong, where investors and advisers talked about how to fix real estate behemoths and the risks related to local government debt at our first China Credit Forum. We also have news on Altice France and Mexican billionaire Ricardo Salinas. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net or DM on X to @PearlLiu.
The epic saga of China’s property crisis appears far from any sort of conclusion, with panelists at Bloomberg’s China Credit Forum in Hong Kong this week warning of a new chapter on the horizon — “Restructuring 2.0.”