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Two Thirds of China’s Top Developers Breach a ‘Red Line’ on Debt
The Red Thread of Fate (Chinese: 姻緣紅線; pinyin: Yīnyuán hóngxiàn), also referred to as the Red Thread of Marriage, and other variants, is an East Asian belief originating from Chinese mythology. It is commonly thought of as an invisible red cord around the finger of those that are destined to meet one another in a certain situation as they are "their true love". According to Chinese legend, the deity in charge of "the red thread" is believed to be Yuè Xià Lǎorén (月下老 … Webred line translate: 红线. Learn more in the Cambridge English-Chinese simplified Dictionary. The three red lines (Chinese: 三條紅線, Simplified: 三条红线, Pinyin: sān tiáo hóng xiàn) are financial regulatory guidelines in China introduced in August 2024 relating to the ratio of debt to cash, equity and assets. It was introduced to help rein in the highly indebted property-development sector in China, seen especially in large real estate concerns such as Evergrande, which faced a liquidity crisis in Q4 2024. greenock health \u0026 care centre