Asia Pacific | ANALYSIS Sep 7, 2022
With an IMF deal in hand, Sri Lanka now courts China and India
To get debt to a sustainable level, Beijing, New Delhi, Tokyo, multilateral organizations and global asset managers must all swallow losses.
To get debt to a sustainable level, Beijing, New Delhi, Tokyo, multilateral organizations and global asset managers must all swallow losses.
China's property sector woes could spell trouble for prestige mega-projects in London, New York, Sydney and other top cities as the developers behind them scramble for cash.
"Nearly every developer has borrowings in disguise. The sector's debt problem is worse than what you see," said He Siwei, an attorney at Hui Ye Law Firm.
Analysts who were bullish on Chinese stocks heading into the tumult are now assessing the damage.