As a second property giant fails to pay debt interest investors fear a property collapse in China’s real estate bubble.

On Monday, a Chinese developer of luxury apartments Fantasia missed a $315 million payments to lenders, sparking fears that financial strains in the country's overheated property sector are spreading beyond the troubled Evergrande’s troubles.

The FT reports that Beijing’s crackdown on borrowing by property developers threatens to end China’s love affair with London property.

The latest Chinese debt-ridden property company is Fantasia Holdings, a Shenzhen-based developer which missed repaying $206 million worth of bonds that matured Monday. In a statement to the HK stock exchange, the company said it is assessing "the potential impact on the financial condition and cash position of the group,". Trading in shares, down by 80% this year, were suspended.

The property management unit of Country Garden, China's second largest developer by sales after Evergrande, reported that Fantasia had failed to repay a company loan of about 700 million yuan ($109 million). Fantasia had informed the company that it would probably "default on [its] external debts," to Country Garden Services, according to CNN.

Other Business News

Johnson Promises Wage Boost.

In a speech to the Conservative Party Conference in Manchester, Prime Minister Boris Johnson wants to end the UK’s “low wage economy” fuelled by “uncontrolled immigration”. 

Gas Prices Fall After Putin Boosts Production.

UK wholesale gas prices dropped after hitting a record high after Russia announced a boost in supplies to Europe. Russia President Vladimir Putin calmed the market after gas prices had risen by 37% in 24 hours to trade at 400p per therm on Wednesday. The price fall will be welcome news to millions of British consumers facing record energy prices this winter.

Consumer Price Rise Highest In 25 Years.

Inflation fears as prices rise across the world, sparking fears of hyper-inflation caused by unprecedented money printing. Markets are predicting 6% inflation leading to ‘stagflation’.

Facebook Restores Service After This Week’s Outage.

How did the social media downtime affect you?

How much time do you spend on social media?

Some people admit to more than 10 hours a day screentime, which you can check on most smartphones.

If you are just using social media for entertainment, could you use your time more effectively?

Can you make money on social media?

YES! We can all learn to not only how to use social media, 

but also how to make money on social media…

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How to​ use the time you're already spending on the internet to build a digital business in your spare time.
How to​ get a product to sell if you don't have one already and... how to get it for nothing.
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I'M READY TO WATCH THE FREE TRAINING NOW!

WATCH THIS TRAINING IF:
You own a business.
You want to own a business without quitting your job yet.
You are serious about building a profitable online business.
You're tired of wasting time on social media and want to make money instead.
"Stop Wasting Time On Social Media And Start Making Money Instead" (even if you lack time, resources, experience, or expertise).

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#socialmediamarketing #makemoneyonline #WhatsApp #Facebook #gasprices #chinaproperty #stockmarket #propertybubble #evergrande #fantasia #stagflation

As a second property giant fails to pay debt interest investors fear a property collapse in China&rsquo;s real estate bubble.
On Monday, a Chinese developer&nbsp;of luxury apartments Fantasia missed&nbsp;a $315 million payments to lenders, sparking fears that financial strains in the&nbsp;country's&nbsp;overheated property sector&nbsp;are spreading beyond the troubled&nbsp;Evergrande&rsquo;s troubles.
The FT reports that Beijing&rsquo;s crackdown on borrowing by property developers threatens to end China&rsquo;s love affair with London property.
The latest Chinese debt-ridden property company is Fantasia Holdings, a Shenzhen-based developer which missed repaying $206 million worth of bonds that matured Monday. In a statement to the HK&nbsp;stock exchange, the company said it is assessing "the potential impact on the financial condition and cash position of the group,". Trading in shares, down by 80% this year, were suspended.
The property management unit of Country Garden, China's second largest developer by sales after&nbsp;Evergrande, reported that Fantasia had failed to repay a company loan of about 700 million yuan ($109 million). Fantasia had informed the company that it would probably "default on [its] external debts," to Country Garden Services, according to CNN.
Other Business News
Johnson Promises Wage Boost.
In a speech to the Conservative Party Conference in Manchester, Prime Minister Boris Johnson wants to end the UK&rsquo;s &ldquo;low wage economy&rdquo; fuelled by &ldquo;uncontrolled immigration&rdquo;.&nbsp;
Gas Prices Fall After Putin Boosts Production.
UK wholesale gas prices dropped after hitting a record high after Russia announced a boost in supplies to Europe. Russia President Vladimir Putin calmed the market after gas prices had risen by 37% in 24 hours to trade at 400p per therm on Wednesday. The price fall will be welcome news to millions of British consumers facing record energy prices this winter.
Consumer Price Rise Highest In 25 Years.
Inflation fears as prices rise across the world, sparking fears of hyper-inflation caused by unprecedented money printing. Markets are predicting 6% inflation leading to &lsquo;stagflation&rsquo;.
Facebook Restores Service After This Week&rsquo;s Outage.
How did the social media downtime affect you?
How much time do you spend on social media?
Some people admit to more than 10 hours a day screentime, which you can check on most smartphones.
If you are just using social media for entertainment, could you use your time more effectively?
Can you make money on social media?
YES! We can all learn to not only how to use social media,&nbsp;
but also how to <a href="https://charleskelly--rethink.thrivecart.com/rethink-social-media-full/6082fb1e92678/">make money on social media</a>&hellip;
"Stop Wasting Time On Social Media And Start Making Money Instead"
You can learn how to make money on social media from my mentor <a href="https://charleskelly--rethink.thrivecart.com/rethink-social-media-full/6082fb1e92678/">Paul O&rsquo;Mahony</a>, founder of the ReThink Academy, who has made millions online starting from nothing.
In this FREE webclass you're going to see:
<ul>
<li aria-level="1">How to​ use the time you're already spending on the internet to build a digital business in your spare time.</li>
<li aria-level="1">How to​ get a product to sell if you don't have one already and... how to get it for nothing.</li>
<li aria-level="1">The exact strategy​ "he used to make my first million and quit my job permanently without a big budget, or any experience with social media."</li>
</ul>
You'll discover all this and more when you watch the webclass below.
<a href="https://charleskelly--rethink.thrivecart.com/rethink-social-media-full/6082fb1e92678/">I'M READY TO WATCH THE FREE TRAINING NOW!</a>
WATCH THIS TRAINING IF:
<ul>
<li aria-level="1">You own a business.</li>
<li aria-level="1">You want to own a business without quitting your job yet.</li>
<li aria-level="1">You are&nbsp;serious about building a profitable online business.</li>
<li aria-level="1">You're tired of wasting time on social media and want to make money instead.</li>
<li aria-level="1">"Stop Wasting Time On Social Media And Start Making Money Instead" (even if you lack time, resources, experience, or expertise).</li>
</ul>
<a href="https://charleskelly--rethink.thrivecart.com/rethink-social-media-full/6082fb1e92678/">I'M READY TO WATCH THE FREE TRAINING NOW!</a>
CLICK HERE TO WATCH <a href="https://bit.ly/38rzLvZ">https://bit.ly/38rzLvZ</a>
Spots Fill Up Fast - Limited Seats Available!
 
#socialmediamarketing #makemoneyonline #WhatsApp #Facebook #gasprices #chinaproperty #stockmarket #propertybubble #evergrande #fantasia #stagflation

Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness.  Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business.  Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation.   For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness.&nbsp; Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business.&nbsp; Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation. &nbsp; For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

Money Tips Podcast

Welcome to Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness. 

Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business. 

Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation.  

For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

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