Realty check: Leverage is under control
By Zhou Lanxu | China Daily | Updated: 2019-07-22 07:45
Solid fundamentals, tight regulations, sales pickup shield indebted property industry from default risks
China's real estate industry may be staring at what some may label as a monstrous financial problem.
According to estimates of the Evergrande Research Institute, real estate developers in China will need to repay debts of 6.1 trillion yuan ($887.4 billion) this year and 5.9 trillion yuan in 2020.
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