Will China Real Estate Behemoth Evergrande Make Its Outstanding Payments Due Today Or Will This Be the Beginning of the Collapse of the China Economy?
Evergrande must meet the test today – will it make some payments or slip closer to default?
We first reported on the news of the real estate giant in Hong Kong with loans in China a couple weeks ago.
CNN Business reported:
Evergrande is due to pay $83.5 million worth of interest on a dollar-denominated bond on Thursday, according to data from Refinitiv. It’s not clear yet whether the company will make that payment.Investors have already been rattled by the risk that one of China’s biggest developers could collapse, sending shockwaves through the world’s second biggest economy.
