2015-08-13

Chinese Developers Hit By Yuan Devaluation

Mingtiandi has the scoop: YUAN DEPRECIATION ADDS TO PRESSURE ON CHINESE PROPERTY DEVELOPERS
More Than a Third of Developer Debt is Not in RMB

According to a research note by JP Morgan, an average of 38 percent of debt belonging to China’s property developers has been borrowed in foreign currency, and almost all of this foreign denominated debt has been in US dollars or Hong Kong dollars.

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