China Developer With $567 Million Debt Said to Collapse

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
#2
Fenghua is a small city, with population of just 480,000, GDP of about RMB 19 billion, per capita of approx RMB 39K. For comparison, Shanghai population is 23 mil, GDP 2160 billion, more than RMB 90K per capita.

Developers in smaller city are having the highest pressure.

Ref: http://en.wikipedia.org/wiki/Fenghua

Ref: http://en.wikipedia.org/wiki/Shanghai
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
Reply


Messages In This Thread
RE: China Developer With $567 Million Debt Said to Collapse - by CityFarmer - 18-03-2014, 10:19 AM

Forum Jump:


Users browsing this thread: 1 Guest(s)