May 22, 2012
- China International Capital Corporation Limited (CICC) has warned in a recently released credit analysis weekly report that small to medium size real estate developers in China are facing more and more severe liquidity risk and 60% of the indebted companies do not have enough cash to pay off current debt liabilities.
- The report also points out that with the shrinking investment amounts in the first quarter, first quarter free cash flow is still better than the same period of prior years despite the reduction of the cash received from sales.
Sina
