Evergrande’s debt woes pose risks to China’s property sector – Goldman

evergrandes debt woes pose risks to chinas property sector goldman

Sumary of Evergrande’s debt woes pose risks to China’s property sector – Goldman:

  • “We believe that further disruptions to the company’s property development operations can be very negative for sentiment amongst domestic property buyers and investors, and potentially spillover to the broader property sector,” Goldman Sachs’ Kenneth Ho and Chakki Ting wrote in the note.
  • Goldman Sachs said offshore bond market sentiment towards Evergrande was also likely to be affected by recovery prospects under a debt restructuring.

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