China’s Evergrande Somehow Made Recent Interest Payments But Default is on the Horizon
Evergrande somehow made some recent interest payments to prevent the company from being officially insolvent, but the writing is on the wall.
We’ve been reporting about Evergrande for months, the behemoth Chinese realty concern that holds a reported $300 billion in debt.
Recently China gave an indication of how it will handle Evergrande’s impending insolvency.
Yesterday, Foreign Policy reported on the Evergrande crisis and China’s likely actions:
In recent weeks,
