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Business and Finance
Pan Shiyi, my heart bleeds for theePosted by Jeremy Goldkorn, October 10, 2007 3:58 PM
The Financial Times reports:
Chinese property developers are suffering an acute lack of capital, the chief executive of newly listed Beijing commercial property developer Soho China told the Financial Times on Monday. Oh those poor, suffering real estate developers! Your correspondent, like many entrepreneurs in China, has tried to get a tiny bank loan in China for a small but stable services company with collateral and a proven financial track record; I was laughed at. |
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Comments on Pan Shiyi, my heart bleeds for thee
More investment would place downward pressure on the cost of the housing stock. Cooling property prices? More likely an effort to protect existing (bad) investments by restricting competition.