PHOTO: Distressed Chinese property developer Country Garden missed interest payments on some dollar bonds last month. Another embattled developer Evergrande has filed for bankruptcy protection in the US. Qilai Shen/Bloomberg via Getty Images
Goldman Sachs researchers estimate China’s total property debt was 48 per cent of GDP at the end of last year, worth US$8.4 trillion. Their chief economist explains how it could cause a “significant negative income shock” for some …
China’s property bubble may be about to burst, and it could cost Australia dearly