The Kangbashi more than a new tower, known as the "ghost town"; Ordos City developer capital chain tension, real estate frequent price cuts ... Today, the media reports Erdos housing crisis also affected the a steel enterprises in Beijing. China Economic Net reporter has learned that a Beijing steel enterprises have long-term business relationship with a construction branch, but this time the construction branch owed nearly 20 million yuan of the steel section. Steel construction branch filed a lawsuit, the two sides reached a mediated construction branch is committed to arrears in installments, but still failed to fulfill. Steel enterprises to apply for enforcement, the implementation of the judge to find the person in charge of the construction branch, do not want the debtor belly full of grievances.
China Economic Net reporter was informed that the construction branch of the construction of a large real estate projects in Erdos City, steel enterprises to provide the steel used in the construction of this project. However, the the Erdos property real estate market problems are reflected in the body of the developers of this project. Although the project has been built many buildings, but the developer of the capital chain there is a problem, unable to timely payment for work done to the construction branch. Construction Branch is responsible to the Executive Judge, said the developer owes the works of the construction branch has billions of dollars, for projects not being paid, so there can not be paid to the steel companies for materials. The implementation of a judge after an investigation, and indeed there is no deposit to pay large debts in the bank account of the construction branch.
Construction Branch was very anxious, every few days reminder to the developers, the developers come up with the program, although no cash, but housing debt. In desperation, the construction branch is planning to take over part of the building, and is ready to be sold to return the funds. The construction branch in the implementation of the proposal can also be used to the way of housing debt to repay their steel section. However, under the current situation in the the Erdos real estate market, steel companies can not accept this plan, adhere to the requirements of the construction branch directly pay, but it is unable to achieve by the construction branch. Cases the implementation of an impasse.
Step by step of the the Erdos real estate market crisis spread to a steel enterprises in Beijing this upstream and downstream enterprises of the real estate industry, the project open to business, a construction branch has long been trapped. Out of this situation, and Erdos real estate market is left to the revitalized chain of enterprise funds returned to normal.
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