To date, GKE has provided for some $6.5 million in bad debt. The amount provided is clearly a significant sum for a company whose most recent half-year profit was a record $4.4 million.
Stimulus measures may help boost consumption and revive the property sector but China has longer-term issues other than an escalating trade war
Neo Cheow Hui, whose company GKE Corp runs a ready-mixed concrete plant in Wuzhou, China, has become more upbeat in recent months. As building materials suppliers, such businesses have a direct pulse on changes in the oft-intertwined infrastructure and property sectors, which had been under strain because of the Chinese central government’s bid to rein in excessive activities and debt levels.
