The Past, Present and Future of Chinese Real Estate

Asian bond veteran Desmond How speaks on China bond restructuring

“On a micro level, any meaningful debt restructuring plan would have to be sincere,  with equity injection, security collateral and reduced debt level to ensure sustainability. Developers and creditors need to acknowledge steady-state [property] sales would likely have come down 40-50% from the peak going forward. Key is also the willingness on the part…