Property developers in China are facing their toughest hours on the back of the Evergrande crisis, but the market can’t lose focus yet because the saga still has months to run, according to the head of commodity markets strategy at Bank of China International.
“For Evergrande, it’s certainly facing a very challenging time,” said Amelia Xiao Fu. “The most important question to ask in the next three to six months is whether Evergrande can achieve [an] orderly and smooth restructuring. So that’s what the market should be watching.”