You are here

Overseas debt load piling up for China builders

Tuesday, September 2, 2014 - 06:00

[SINGAPORE] Cash- strapped Chinese developers are borrowing a record amount in the offshore loan market this year, adding to the highest debt loads since 2005.Homebuilders in the world's second-largest economy got US$5.9 billion from foreign banks, up 39 per cent from the same period last year,