Evergrande vows to meet local debt deadline, but doubts remain over dollar bond

Embattled Chinese property giant allays some market concerns despite lack of guidance over $83.5m due on a separate offshore debt Chinese property developer Evergrande has said it would pay some of the bond interest due on Thursday, allaying fears of an imminent and messy collapse that had spooked investors. Markets in Taiwan and China reopened lower after a two-day break, catching up with a sharp sell-off around the world triggered by concern over Evergrande’s predicament. Continue reading...
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