Evergrande defaults on $1.2B in international bonds, Fitch claims, as China intervenes in personal debt-ridden serious estate sector

1 year ago Jodi Jepson

Beijing — Two major Chinese property firms have defaulted on $1.6 billion really worth of bonds to abroad collectors, Fitch Rankings...

2 years ago Jodi Jepson

China Evergrande Group EGRNF -5.26% last month missed a scheduled interest payment to overseas bondholders, raising the prospect that October...

2 years ago Jodi Jepson

Chinese property firm Evergrande is struggling to repay debts of $300 billion. It shocked global markets last week, although stocks...

2 years ago Jodi Jepson

The late Massachusetts Institute of Technology professor Rudi Dornbusch famously remarked, “The crisis takes a much longer time coming than...

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.