{"id":38425,"date":"2021-10-28T11:46:55","date_gmt":"2021-10-28T02:46:55","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/2021\/oct\/28\/third-of-chinese-developers-could-face-debt-problems-amid-evergrande-contagion-report"},"modified":"2021-10-28T11:46:55","modified_gmt":"2021-10-28T02:46:55","slug":"third-of-chinese-developers-could-face-debt-problems-as-evergrande-contagion-grows-report","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=38425","title":{"rendered":"Third of Chinese developers could face debt problems as Evergrande contagion grows \u2013 report"},"content":{"rendered":"<p>Even if the embattled property giant manages to avoid default again, many other firms are heading the same way, warns S&amp;P<\/p>\n<p>One third of China\u2019s property developers will struggle to repay their debts in the next 12 months, according to a new report, as the sector reckons with increasingly serious headwinds from falling sales, restricted access to credit and a wider downturn.<\/p>\n<p>Even if the embattled developer Evergrande manages to meet its latest debt repayment on Friday and head off a potentially disastrous default, analysts at the credit rating agency S&amp;P warned that many other property companies could be heading towards bankruptcy.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/2021\/oct\/28\/third-of-chinese-developers-could-face-debt-problems-amid-evergrande-contagion-report\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Even if the embattled property giant manages to avoid default again, many other firms are heading the same way, warns S&amp;POne third of China\u2019s property developers will struggle to repay their debts in the next 12 months, according to a new report, a&#8230;<\/p>\n","protected":false},"author":443,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[50,556,2370],"tags":[],"class_list":["post-38425","post","type-post","status-publish","format-standard","hentry","category-china","category-chinese-economy","category-evergrande"],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/38425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/443"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38425"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/38425\/revisions"}],"predecessor-version":[{"id":38426,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/38425\/revisions\/38426"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}