International investors that have been piling into China in recent years are now bracing for one of its great falls as the troubles of over-indebted property giant China Evergrande come to a head. The developer's woes have been snowballing since May. Dwindling resources set against 2 trillion yuan (US$305 billion) of liabilities have wiped nearly 80% off its stock and bond prices and an US$80 million bond coupon payment now looms next week.
China Evergrande is not too big to fail , says Global Times editor
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
Evergrande must not rely on bailout, says Global Times editor
businesslive.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesslive.co.za Daily Mail and Mail on Sunday newspapers.
Chinese State Media Editor Warns Evergrande Over Dreaming of a State Bailout
theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.
AEI Buys Jennings Aeronautics
themiddlemarket.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themiddlemarket.com Daily Mail and Mail on Sunday newspapers.