XIN - Xinyuan Real Estate: Expect A Dividend Cut (And Possibly Default)

There is no doubt that I'm bearish on the Chinese property market. I began writing about the country's extreme property bubble nearly two years ago in "The $42 Trillion Bubble" and, since then, have seen an extreme bubble grow much larger. On January 28th of this year (well before equities peaked and most understood the severity of the Coronavirus), I covered the bubble again in "Coronavirus May Be The Catalyst That Will Pop China's Massive Property Bubble".

The fact is that the Chinese economy is far too reliant on property development