A security guard walks out of from a suspended construction field in the central business district in Beijing in April 2020. Photo: EPA-EFE A security guard walks out of from a suspended construction field in the central business district in Beijing in April 2020. Photo: EPA-EFE
A security guard walks out of from a suspended construction field in the central business district in Beijing in April 2020. Photo: EPA-EFE

Chinese developers face potential price war in second half amid glut as state issues ‘red lines’ in deleveraging campaign

  • China had 480 million square metres of completed but unsold homes at the end of July, the highest in eight months
  • Framework caps debt-to-asset ratio at 70 per cent, net debt-to-equity at 100 per cent, and short-term borrowings at no more than cash reserves

Topic |   China property
A security guard walks out of from a suspended construction field in the central business district in Beijing in April 2020. Photo: EPA-EFE A security guard walks out of from a suspended construction field in the central business district in Beijing in April 2020. Photo: EPA-EFE
A security guard walks out of from a suspended construction field in the central business district in Beijing in April 2020. Photo: EPA-EFE
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