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China’s sweeping policy support for the property sector has been no quick fix for developers’ liquidity struggles, leaving some investors waiting until the last minute for cash. Central China Real Estate Ltd. remitted funds this week for a dollar-bond interest payment that was originally due January 14, three people familiar…
On November 10, 2022, manufacturing conglomerate Emerson hosted the first ever “Your Fruits’ Journey from Farm to Fork” event in dusitD2 hot...
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
The question has loomed over China Evergrande Group for months: Is the world’s most indebted developer “too big to fail”? Investors finally have their answer. With a flurry of announcements that sent Evergrande bonds tumbling to record lows this week, the company and Beijing have made it clear that billionaire Xu Jiayin’s (許家印) property giant is headed for one of China’s largest-ever debt restructurings. Barring a last-minute shock, holders of US$19.2 billion in Evergrande dollar notes face deep cuts as the company overhauls its mammoth balance sheet without a government bailou...