Evergrande default 'inevitable' as China's property woes intensify

More defaults likely

clock • 2 min read
Evergrande said last Friday that it had received a demand regarding guarantees on $260m of debt.
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Evergrande said last Friday that it had received a demand regarding guarantees on $260m of debt.

China’s property market dilemma has intensified as Evergrande – which has over $300bn in liabilities – once again found itself on the brink of collapse, while S&P Global has warned that its default is "inevitable".

The Chinese real estate giant failed to repay some bondholders before the deadline of another crucial 30-day grace period on Monday (6 December). Evergrande said last Friday that it had received a demand...

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