Word: longyuan
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...anecdotal evidence suggests that bankers elsewhere in China are tightening up. In Shanghai, for example, rules that developers put up 25% of construction costs to qualify for loans "were never tightly enforced," says Shao Zhongye, finance director for Shanghai Longyuan Real Estate Co., which develops apartment buildings. That's changed. Shao's company just finished a development of 97 units, and he's worried about getting financing for his next project. "It definitely will be a lot harder to borrow now," he says. And although new remedies haven't taken effect yet, recent economic indicators are promising. Last week, Beijing...