Investing in China's Real Estate Market

Property developer evergrand is struggling to cover its debts. The company appealed to local government officials for help in averting a cash crunch. Authorities, convinced by the pendemic that risk prevention was more important than ever, ordered evergrand and other top property developers to cut their debt. This month, chinese authorities told major lenders to evergrand not to expect interest payments due on some bank loans in past chinese housing slumps.