Chinese Developers Borrow More than 400 Billion in 1H 2016

As long as Chinese developers can keep borrowing low cost debt, they can continue the land binge. Firms have been issuing debt for less than 4 percent, sometimes below 3 percent this year. Debt has exploded. In 2015, debt increased 430 billion yuan, more than 27 times above the 2014 figure. According to Wind, with the first-half yet to conclude, 2016 debt issuance has almost matched the 2015 full year figure.

Real estate financing, the left group is corporate debt.
Debt ratios:

Caijing: 房企“不差钱”真相:半年低成本发债逾4000亿!

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