Chinese developer misses payment, adding to industry strain
newscatcher
2021-10-05 07:30
Chinese developer misses payment, adding to industry strain
Some Chinese developers are struggling to repay debt after regulators tightened limits last year on their use of borrowed money. That is fueling fears about possible defaults and turmoil in financial markets. Investors are worried Evergrande Group might collapse with 2 trillion yuan ($310 billion) of debt. The company has missed at least one payment to bondholders abroad but has yet to be declared in default. FILE - In this Sept. 15, 2021, file photo, construction cranes stand near the Evergrande's name and logo at its new housing development in Beijing.

https://www.whec.com/news/chinese-developer-misses-payment-adding-to-industry-strain/6260357/

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