BENGALURU: China’s developers, the country’s most leveraged sector, have finally got their rising debt piles under control and some even boast record amounts of cash, powered by strong earnings growth and restrained expansion, a Reuters analysis showed.
That should be a relief to investors worried about potential corporate defaults as China Inc faces a record US$1.5 trillion of corporate bonds maturing in the next two years.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
