China’s property crisis has lurched into a perilous new phase — with significant implications for the world’s second-largest economy, according to Bloomberg News’ Alice Huang. The deepening distress hurts other industries and repels foreign investors, Huang says. In this episode of the Credit Edge, Bloomberg News senior editor James Crombie also asks Bloomberg Intelligence analyst Spencer Cutter about growing risks to energy debt from depressed natural gas prices. Smaller producers are most vulnerable as some see cash flow turn negative, Cutter says.
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The Credit Edge by Bloomberg Intelligence