China’s growing youth unemployment rate could trigger political problems if not properly handled, warned a prominent economist who has advised President Xi Jinping’s government. “The issue of youth unemployment will
China bond markets slump as Evergrande peers Modern Land, Sinic look to delay deadines dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
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Offshore bondholders of beleaguered developer China Evergrande Group were on Monday bracing for news on more than $148 million in looming bond coupon payments after the company missed two coupon deadlines last month.
Chinese property firms’ bonds were hit with another wrecking ball on Monday as Evergrande looked set to miss its third round of bond payments in as many weeks and rivals Modern Land and Sinic became the latest scrambling to delay deadlines.