Jinke Group filed for bankruptcy.
金科被申请破产!它在广州的项目会烂尾吗?
This next company is on its way to being delisted:
This one will delist soon enough as it too craters limit down day after day:
一年亏35亿、股价7天6个跌停,杭州知名房企濒临退市
There are too many stocks to list. Of the 134 stocks, 81 have fallen more than 10 percent in the past three months.
A test of the high on USDCNY is where the base points to, beyond that the sky’s the limit.
Real Estate Distress Deepens Again as China Woes Spread
A Poor Province in China Splurged on Bridges and Roads. Now It’s Facing a Debt Reckoning.
One of China’s poorest provinces is testing Beijing’s mettle with a mountain of debt that local borrowers are struggling to repay. Investors worry it is a harbinger of another major debt crisis in the country, and believe the central government will have no choice but to defuse it.
Cracks have been showing in the finances of Guizhou, a southwestern province with jaw-dropping landscapes and some of the world’s highest bridges. It was one of China’s fastest-growing local economies over the past decade—thanks in large part to its heavy spending on infrastructure development.
RFA: Struggling with debt, local governments across China call for help from Beijing
I take RFA with a grain of salt, but USDCNY will tell the tale.
China has a growth story. A debt growth story.
Recent posts on China: