What Is China Evergrande, and why is its crisis worrying markets? Here are some answers
The Chinese property giant’s debt load is teetering. Here’s a look at the crisis and the risks of a collapse.
Evergrande apartment buildings in Beijing. The company has hundreds of projects in more than 200 Chinese cities.The world’s stock and bond markets are closely watching China Evergrande Group , a Chinese property developer that is on the brink of missing payments on some of its debt. If not resolved, it threatens to become the largest debt default by a company in Asia, which could jolt investor confidence across markets globally.
on yuan-denominated bonds also coming due Sept. 23, but didn’t say whether it would pay in cash or other assets. If it misses the payment and couldn’t make good in 30 days, it could be declared in default.
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