Miroslav Linhart (Deloitte): Evergrande’s crisis could spell trouble for China

Robert McLean

#cee, #proptech, #development a #architecture

The Chinese real estate sector is under pressure. News of the growing trouble first hit the media at the end of September 2021 when the second largest Chinese development company Evergrande failed to make interest payments worth USD 131 million on two of its Eurobonds (offshore bonds). It ended up making both payments just before the end of the 30-day grace period, however questions remain over its ability to handle further principal and interest payments that are scheduled for the coming months. Just in March and April 2022, Evergrande is due to pay USD 3.6 billion in principal . . .

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