Chinese developer misses major bond repayment of $179 million
BEIJING, Dec 6, 2021 (AFP) – Another Chinese property developer said Monday it had defaulted on a major bond repayment, citing liquidity problems amid a government crackdown on the debt-laden sector. China’s real estate industry — a key growth driver in the world’s second-largest economy — has cooled in recent months after Beijing tightened home buying … Read more