>Evergrande crisis locks Chinese developers out of global debt market >Industry’s issuance of dollar bonds slows to a trickle in the first quarter of 2022
>High yield dollar bond issuance by Chinese developers during the year to date is down a record 97 per cent compared to the first quarter of 2021, according to Financial Times calculations based on data from Refinitiv. >So far just two deals worth less than $295mn in total have gone through, compared with more than $8.7bn in the first three months of last year raised across 30 deals. At the same time, developers’ costs to borrow on international markets has leapt to an all-time high. >The drought in issuance and soaring borrowing costs highlight how the crisis at Evergrande is bleeding more widely across the market, and may make it prohibitively expensive for companies in the sector to either raise new debt or refinance existing borrowings. Mounting worries about disclosures from property developers have added to the angst. >“There’s hardly any [deals] being done,” said the head of China debt capital markets at one international bank, who added that even larger, more robust developers were beginning to feel pressure from the lack of ready access to global capital markets. “All of them have some debt maturing...”
>Rising yields, which make it more expensive for developers to access the cash they need to run their highly indebted businesses, also signal a significant further deterioration in market sentiment from early February, when they traded close to 20 per cent. >The average yield on a Bank of America index tracking Chinese high-yield bonds jumped to 32.9 per cent in March, beyond the previous high of almost 32 per cent in 2008, at the height of the global financial crisis.
tldr: debts accruing, no new investment, old investors pulling out, record capital outflows from China = Chinese asset bubble is finally bursting
>two more weeks Admittedly it's a nice break from hearing you assmangled poles bitch about Russia
Michael Butler
Than diversity power finally get win ?
Ethan Reyes
>that unbarred hand holding action in the background
L-LEWD
Logan Morgan
That's a japanese woman, complete with anime-shoujo snaggle-toothed canine incisor, enjoying the warmth of the Japanese Rising Sun (I guess that corresponds with the idea of China going downhill). "Are! Tenkii wa atsui desu!"
Nathan Thomas
couples are a rare sight in Finland? bro...all of this chinese geedeepee growth was from construction...no one is buying...it's all on credit...and now they won't receive credit anymore...
At least you've admitted the source of your butt pain
Cooper Powell
You were wrong about the three gorges dam. You wasted a year + in a schizo general all because you didn't understand how to read a google map. You lost.
Jason Lopez
Cope, China is a shithole that's forever doomed to be a manufacturing wageslave factory and it's hilarious seeing you commie schizos think it has better living standards than Europe,
Nathan Morales
this
Caleb Watson
Dam is still up and you wasted a year + of your life on a schizo general
Even a benign photo of sterile uniform apartments makes China look like a literal Hell on Earth.
Grayson Morris
Oh shut up Anglo kikesucker, go to some countries leave your basement America and the west are less free than a fucking wog ditch digger. Chinese call America “land of a thousand taxes” you dumb potato nigger
Joseph Jenkins
Funny because I think Americans call China "land of a thousand illegally harvested organs of prisoners of conscience"