{"id":191507,"date":"2025-12-19T09:14:19","date_gmt":"2025-12-19T09:14:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/191507\/"},"modified":"2025-12-19T09:14:19","modified_gmt":"2025-12-19T09:14:19","slug":"major-chinese-real-estate-firm-risks-default-as-crisis-persists","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/191507\/","title":{"rendered":"Major Chinese real estate firm risks default as crisis persists"},"content":{"rendered":"<p>One of China\u2019s biggest real estate companies will meet with bondholders today as it seeks to avert a default. <\/p>\n<p>China Vanke is among a litany of debt-saddled property firms that are under the microscope following a construction boom that saw huge numbers of apartments built that now remain unoccupied. <\/p>\n<p>Concerns about the real estate sector \u2014 which by some estimates amounted to a quarter of the entire economy at one point \u2014 are among myriad issues facing China, including fears of chronic deflation, a youth jobs crisis, and opaque levels of local government debt. <\/p>\n<p>Some Chinese authorities have <a href=\"https:\/\/sinocism.com\/p\/hainan-free-trade-port-huawei-overseeing?open=false#%C2%A7beijing-regulators-censor-negative-talk-about-real-estate\" class=\"styles_linkEmbed__SNmaX\" rel=\"noopener nofollow\" target=\"_blank\">begun censoring online complaints<\/a> about the property market: \u201c<a href=\"https:\/\/asia.nikkei.com\/business\/markets\/china-debt-crunch\/china-investors-brace-for-more-property-turbulence-as-vanke-scrambles\" class=\"styles_linkEmbed__SNmaX\" rel=\"noopener nofollow\" target=\"_blank\">We are going to see more defaults<\/a>,\u201d an expert told Nikkei.<\/p>\n","protected":false},"excerpt":{"rendered":"One of China\u2019s biggest real estate companies will meet with bondholders today as it seeks to avert a&hellip;\n","protected":false},"author":2,"featured_media":191508,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-191507","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/191507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=191507"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/191507\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/191508"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=191507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=191507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=191507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}