China’s property market is cooling, threatening the pace at which the government can push through reform of its financial markets and unwieldy state-owned enterprises.
Fatigue may have finally taken hold in the Chinese property sector, judging by investors’ reception towards China Properties Group’s dollar transaction.
The government’s new measures targeting the housing industry have had a big effect on divorce rates, but will not impact large players such as China Vanke.
In this video interview, Christopher Lee, primary credit analyst at Standard & Poor's, talks about the problems at Chinese developers and the implications for their credit ratings.