Financial Stress In China Property Sector Spreads Beyond Evergrande

Trending News A Chinese developer of luxury apartments missed $315 million in payments to lenders, sparking fears that financial strains in the country’s outsized proprerty sector are spreading beyond the troubled Evergrande conglomerate, CNN reported. Fantasia Holdings, a Shenzhen-based developer, missed repaying $206 million worth of bonds that matured Monday, the company said in a stock exchange it is now assessing “the potential impact on the financial condition and cash position of the group”.…

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