The credit environment for Chinese small developers is rapidly deteriorating. The default of Chinese developer Zhejiang Xingrun Real Estate Co. may signal difficult times ahead for small developers in China, says Standard & Poor's Ratings Services. Zhejiang Xingrun does not have enough cash to repay RMB3.5 billion ($567 million) in debt from more than 15 […]

Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.