Out-of-Funds Chinese Property Developer Oceanwide Tries to Shed its Mega-Money-Pits in San Francisco, Los Angeles, and Manhattan at a Loss, But it’s Hard by Wolf Richter • Mar 5, 2020 • 101 Comments At first, capital controls cut off funding. Now the coronavirus gets in the way of the money-losing sale it could finally line up.
Another Chinese Mega-Construction Project in California Is Halted, this one in San Francisco. List of Troubled or Scuttled Chinese Projects in California Grows by Wolf Richter • Oct 18, 2019 • 81 Comments How China’s crackdown on debt and capital flight pulls the rug out from under mega-real-estate projects.
Is China’s Debt Crackdown Hitting California’s Commercial Real Estate Bubble? by Wolf Richter • Jan 29, 2019 • 52 Comments Construction Halts on LA’s Chinese-Owned $1-Billion Oceanwide Plaza; Fretting Starts about $1.6-Billion Oceanwide Center in San Francisco.
US Asset Bubbles Crack as Frantic China “Restricts” Outbound Investments by Wolf Richter • Aug 20, 2017 • 120 Comments What happens to prices when the biggest, reckless buyer walks away?
China Inc. & Billionaires Dodge Capital Controls via Global Buyout Binge. Government Not Amused by Wolf Richter • Nov 27, 2016 • 67 Comments The fear of further yuan devaluation.
This Will Crush the Insane San Francisco & Silicon Valley Housing Bubble by Wolf Richter • Feb 25, 2016 • 76 Comments Two treacherous forces, with impeccable timing.
A “Death Spiral” for the Chinese Yuan? by Wolf Richter • Jan 28, 2016 • 54 Comments China’s “impossible trinity.”
