China Crisis Wipes Out $90 Billion of Developer Market Value

Chinese developers have suffered a meltdown of at least $90 billion in stocks and dollar bonds this year

with a bursting housing bubble and an intensifying debt crisis threatening to inflict even more pain. 

Chinese builders have lost about $55 billion in share value since 2022 began, according to a Bloomberg Intelligence stock gauge.

The sector’s dollar notes have fallen more than $35 billion,

show calculations based on a Bloomberg bond index, the constituents of which can change over time.

The wipeouts have pushed developer stocks down to levels not seen in a decade and China’s junk dollar

The sector’s dollar notes have fallen more than $35 billion

The wipeouts have pushed developer stocks down to levels not seen in a decade and China’s junk dollar notes to record lows.