Concerns are rising about the high level of debt carried by China’s developers. Photo: AFP
Concerns are rising about the high level of debt carried by China’s developers. Photo: AFP

Evergrande crisis: a third of China’s developers may face pressure with US$84 billion in debt maturing by end of 2022, S&P warns

  • More than half of rated Chinese property developers have junk-rated debt, S&P says
  • Risk of default is ‘real’ as massive pile of offshore, onshore debt set to mature by December 2022

Concerns are rising about the high level of debt carried by China’s developers. Photo: AFP
Concerns are rising about the high level of debt carried by China’s developers. Photo: AFP
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