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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (1376)	11/11/2018 7:21:52 PM
From: John Vosilla	Respond to of 13803

A Fifth of China’s Homes Are Empty. That’s 50 Million ApartmentsBloomberg News November 8, 2018, 4:00 PM EST Updated on November 8, 2018, 8:37 PM EST Risk is potential for flood of sales during any property slump Xi has said homes are for living in, not for speculation bloomberg.com

To: elmatador who wrote (1376)	11/11/2018 7:24:31 PM
From: John Vosilla	Respond to of 13803

Chinese property developers brace for epic shakeout 5 Nov, 2018 6:37am The marketing materials for Ruyi Island, a man-made chunk of land about five kilometers northeast of the capital of China's Hainan province, depict a utopia for the wealthy. An artist's impression shows families strolling along marina boardwalks strung with fairy lights and villas nestled around palm tree-lined lagoons. In reality, Ruyi Island - five years after construction started - remains a huge sand bank, a few cranes sitting idle. Its developer, Beijing-based Zhonghong Holding Co., is in the process of selling, or at least trying to sell, the 13 billion yuan ($2.8b) project to a competitor after burning through cash and piling up debt. Ruyi Island offers a glimpse of the convulsions shaking China's more than 100,000 developers, who rushed to capitalize on friendly government policies, insatiable housing demand and a near-limitless supply of cheap debt in recent years. With the government now prioritizing keeping corporate China's mountain of debt in check, the industry finds itself in the early innings of an epic shakeout nzherald.co.nz