BBCNEWS World Business Report November 5, 2021 05:36:00
After the company revealed one of its units had missed a debt payment. the struggles of vast property giant evergrande have rattled markets as it battles for survival under $300 billion of debt. mariko oi is following this for us in singapore. so is kaisa the new evergrande? evergrande has been the most high—profile example, if you like, of china's debt crisis but there are others in the property sector with similar issues. we saw fantasia, cnet, as well as china properties group all defaulting on debt in recent months, and kaisa group has become the latest in that this payment. according to...