Evergrande: Chinese property giant ‘misses another payment deadline’
The indebted Chinese property giant is said to have missed more payments to overseas investors. …
But after Beijing brought in new rules to control the amount owed by big real estate developers, Evergrande started offering its properties at major discounts to ensure money was coming in to keep the business afloat. Now, it is struggling to meet the interest payments on its debts.
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