We're Just Learning the True Cost of #China's #Debt - Bloomberg @Business

The true cost of the debt that China’s real estate developers peddled to eager international investors during a five-year property boom is now becoming clear.

China’s home builders became the single biggest source of dollar junk debt in Asia amid government measures to prevent a property bubble. Developers already funneled $78.8 billion from international equity and bond markets into an industry that’s grown to account for one third of the world’s second-biggest economy. Most of the first rush of dollar offerings, in 2010, falls due in the next two years.



See the whole story on Bloomberg here: We're Just Learning the True Cost of China's Debt - Bloomberg Business

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