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Exclusive-Country Garden Plans to Present Debt Revamp Plan in Second Half, Sources Say
US News & World Report· 3 hours agoCountry Garden has told some of its offshore creditors it plans to present a debt restructuring proposal in the second half of this year, two sources said, as the embattled developer scrambles ...
Hong Kong Regulator to Probe PwC Auditing Role Over Evergrande
Bloomberg Law· 7 days agoHong Kong’s accounting regulator said it will investigate allegations over PricewaterhouseCoopers LLP’s role auditing China Evergrande Group following a “whistleblower report”.
China’s 5.3% Magic Trick Doesn’t Disappear Deflation
Forbes· 6 days agoChina did it again, growing 5.3% against all odds to dispel worries that Asia’s biggest economy is in trouble. Two, it might give Beijing the mistaken...
The Folly of China’s Real-Estate Boom Was Easy to See, but No One Wanted to Stop It
The Wall Street Journal· 2 days agoDevelopers, home buyers and Western bankers all ignored warning signs, but not two accountants who...
Hong Kong regulator to probe PwC over China Evergrande audits
Nikkei Asian Review· 4 days agoWhistleblower report claims years of ignoring property developer's misconduct
Blinkered view
China Daily· 3 days agoRatings agency Fitch downgraded its outlook for China in its most recent report. Although Fitch acknowledges the structure of the economy is changing as China shifts to a new growth model, it ...