Tuesday, Apr 21, 2015

House of cards ?

BBC: China property developer Kaisa defaults on overseas debt

Kaisa Group has become the first Chinese property developer to default on its overseas debt, which is estimated to be about $2.5bn (£1.7bn).

Posted by mark @ 11:05 AM (4664 views)
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1. Alan Lubin said...

Of course in the UK we would have put schemes in place to help first time buyers make sure that the property developer avoided going pop and instead made record profits.

Tuesday, April 21, 2015 08:44PM Report Comment

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