Leverage Ratio Up for First Time Since 2020: Evergrande Update
Unfinished apartment buildings at the site of Evergrande Group's development in Beijing in January.
Photographer: Andrea Verdelli/BloombergThis article is for subscribers only.
Debt in China’s real economy climbed to 266.1% of gross domestic product in the first three months of this year, the first increase since the third quarter of 2020.
China’s new-home sales tumbled by 29% last month, the most since July, as the latest Covid-19 outbreak threatened to prolong a property slump. “Weak homebuyer confidence remains a key hurdle,” Bloomberg Intelligence analyst Kristy Hung wrote in a note Monday. “Covid’s spread adds additional near-term threats.”